Swaraj Shares and Securities Pvt Ltd announced an open offer to acquire up to 26,39,273 shares (26.00% of the Expanded Voting Share Capital) of Manbro Industries Ltd at an offer price of ₹65.00 per share, following a share subscription agreement with four acquirers for a total consideration of ₹27.30 crore and ₹10.07 crore for convertible warrants.