Sayaji Hotels (Indore) Limited has announced an open offer to acquire up to 7,92,118 equity shares, representing 26% of its capital, at an offer price of Rs. 1,250 per share.

This offer is made by Century 21 Officespace Private Limited and its associates.

The company's Committee of Independent Directors has affirmed the fairness of this offer price.

Shareholders wishing to participate can tender their shares via their selling broker for dematerialized shares or through a plain paper application for physical shares.

There are no competing offers for Sayaji Hotels' shares at this time.