Equity Spectrum Ltd made an offer to acquire The Bee Equity Partners Ltd (MUSE:FIDE.I0000) from IBL Ltd (MUSE:IBLL.N0000) and others for approximately MUR 220 million on May 25, 2017. The offer will be made through a tender offer at an offer price of MUR 24.9 per share, payable in cash. The offer is conditional upon the Equity Spectrum having received acceptances representing a minimum of 90% of the shares and is subject to the prior approval of the Financial Services Commission.

Equity Spectrum Ltd cancelled the acquisition of The Bee Equity Partners Ltd (MUSE:FIDE.I0000) from IBL Ltd (MUSE:IBLL.N0000) and others on September 18, 2017. As on September 18, 2017, Equity Spectrum did not reach 90% shareholding threshold upon which the offer was conditional, as a result the offer was closed and has lapsed.