An open offer has been made to acquire 0.14 Cr equity shares of Nirbhay Colours India Limited from its public shareholders.

A group of acquirers, including Mr. Dakshesh Rameshchandra Shah, Mr. Dhruvin Shah, and others, are seeking to purchase these shares, which represent 42.38% of the company's total voting capital.

This development is significant as it provides public shareholders an opportunity to exit or tender their shares, and could lead to a substantial change in ownership or control, impacting the company's strategic direction.