ATX Partners and Arcasia Investment launch mandatory offer for Alpha Fire Services

ATX Partners (Private) Limited and Arcasia Investment and Trading (Private) Limited have announced a mandatory offer to purchase the remaining shares of Alpha Fire Services PLC, after acquiring a majority stake in the company, according to a stock filing.

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The offer price is set at Rs.10 per share.

The move was triggered after the two firms, acting in concert with JBJ Holdings, collectively purchased 22,135,070 ordinary shares of Alpha Fire Services on June 2, 2025. This transaction was executed on the Colombo Stock Exchange, at a price of Rs.10 per share.

On June 2, Alpha Fire Services saw a significant shift in its shareholding. ATX Partners acquired 9,492,610 shares through a margin trading arrangement with DFCC Bank PLC, while Arcasia Investment and Trading purchased an equal number of shares (9,492,610) via a similar arrangement with Seylan Bank PLC. Additionally, JBJ Holdings bought 3,149,850 shares.