📈 Ambeon Secures 51.11% Controlling Stake in Harischandra Mills

• The Transaction: Ambeon Essentials Ltd. (subsidiary of Ambeon Capital PLC) officially closed its Mandatory Offer for Harischandra Mills PLC on 14 May, securing a 51.11% controlling stake. • Key Figures & Valuation: Shares Acquired: 981,118 ordinary voting shares (51.11% of issued shares). Ambeon held 0% prior to the offer. Offer Price: Rs. 3,400 per share. Deal Value: Controlling stake valued at approx. Rs. 3.34 Bn, implying a total equity valuation of around Rs. 6.5 Bn for the legacy consumer brand. Market Status: Shares of Harischandra Mills closed higher on Friday at Rs. 5,896 (up Rs. 86.25). Net assets stood at Rs. 964.60 per share as of end-December 2025. • Background: The offer was triggered by a Share Sale and Purchase Agreement in January to acquire the stake from a founding-family consortium. The voluntary offer launched on 20 April was converted into a Mandatory Offer on 28 April under the Takeovers and Mergers Code. Hayleys PLC remains a major stakeholder with a 40.58% share.