Pankaj Ramesh Samani, Kaushal Uttam Shah, UG Patwardhan Services Pvt Ltd, Ganesh Natarajan, Uma Ganesh Natarajan, Manoj Manohar Panvelkar, Nitin Neminath Patil and Basanta Kumar Swain made an offer to acquire 26% stake in Cinerad Communications Limited (BSE:530457) from Pradeep Kumar Daga and Vinita Daga for INR 50 million on January 22, 2024. The transaction is approved by board of directors of Cinerad Communications Limited. As of May 7, 2024, the Independent Directors Committee of Cinerad approved the deal.

The closing of the transaction has been revised from April 02, 2024 to May 27, 2024. As of May 14, 2024. the tender offer will be closed on May 28, 2024.

Vivro Financial Services Private Limited as manager to offer and Niche Technologies Private Limited acted as registrar to offer.