Annaya Management Consultancy Private Limited, Rajiv Vashisht and Gaurav Kumar made an offer to acquire 26% stake in Ganesh Films India Limited (BSE:541703) for INR 9.9 million on April 27, 2022. Under the terms, Up to 7,81,998 shares will be acquired at a price of INR 12.70 per share. Consideration will be paid in cash. In a related transaction, Annaya Management Consultancy Private Limited, Rajiv Vashisht and Gaurav Kumar agreed to acquire 60.84% of stake in Ganesh Films India Limited from Natrajan Ganapathy, Nambirajan G Yadav, Jayalakshmi Nambirajan Yadav and Indira Natrajan Yadav for INR 18.3 million. The acquirers have adequate financial resources and have made firm financial arrangements for the implementation of the offer in full out of their own sources. This open offer is not subject to a minimum level of acceptance and is not a conditional offer. The offer is subject to the receipt of statutory and regulatory approvals by the acquirers. The offer will open on June 21, 2022 and close on July 4, 2022. As of June 23, 2022, the offer will close on July 13, 2022. R Ramnath of Chartered Finance Management Ltd. acted as Manager and Alok Gautam of Skyline Financial Services Private Limited acted as registrar to Annaya Management Consultancy Private Limited, Rajiv Vashisht and Gaurav Kumar.

Annaya Management Consultancy Private Limited, Rajiv Vashisht and Gaurav Kumar cancelled the offer to acquire 26% stake in Ganesh Films India Limited (BSE:541703) on July 13, 2022. The offer was cancelled dude to no shares being tendered during the offer.