Natura Hue Chem Ltd: Change of Control and Open Offer Announced

The mandatory open offer is priced at ₹42 per share for 26% of the company's voting capital. The underlying Share Purchase Agreement (SPA) involved an acquisition of a 15.53% stake at a negotiated price of ₹24 per share.

Reader Takeaway: New promoters to acquire control at ₹42 per share; shareholders should monitor the upcoming Detailed Public Statement.

What just happened

Fintellectual Corporate Advisors, acting as the manager to the offer, has filed a public announcement for Natura Hue Chem Ltd. Mrs. Kanika Chahal and Mr. Anuj Chahal have entered into a Share Purchase Agreement dated October 28, 2026, to acquire a controlling stake. Following this, a mandatory open offer for 10,77,778 shares, representing 26% of the voting capital, has been triggered at a price of ₹42 per share.

Why this matters

This deal signifies a complete transition in leadership for the company. The incoming acquirers will be classified as the new promoters, while the current promoter group will be reclassified as public shareholders. The significant premium of the open offer price (₹42) compared to the SPA negotiated price (₹24) is a critical development for minority shareholders participating in the open offer.

Corporate Action and Control

The transaction is not conditional upon a minimum level of acceptance and is not a competing offer. Upon completion, the new promoters will assume management control. The process will adhere to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations and LODR compliance for the reclassification of the existing promoter group.

What to track next

The company is set to publish a Detailed Public Statement in newspapers on or before November 4, 2026. This document will provide statutory details, final timelines, and specific instructions for shareholders wishing to tender their shares in the open offer.