Pankaj Chandrakant Mishra and Devyani Pankaj Chandrakant Mishra made an offer to acquire 26% stake in Pratik Panels Limited (BSE:526490) for INR 1.01 million on January 21, 2021. Under the terms of the transaction Pankaj Chandrakant and Devyani Pankaj Chandrakant will acquire 1.01 million shares for INR 1 per share. The consideration will be paid in cash. In a related transaction, Pankaj Chandrakant Mishra and Devyani Pankaj Chandrakant Mishra have entered into an agreement to acquire 39.24% stake in Pratik Panels Limited from a group of shareholders. The transaction is not conditional upon minimum level of acceptance. Transaction is subject to certain conditions precedent. This Open Offer is not a competing offer. The tender period is from March 18, 2021 to April 1, 2021. As per the revised schedule on March 25, 2021, the tender period is from April 9, 2021 to April 27, 2021. Tanmoy Banerjee of CapitalSquare Advisors acted as managers to the offer. Sumeet Deshpande of Link Intime India Pvt Ltd. acted as the registrar of the offer.