Aar Shyam India: Open Offer Letter Submitted for 26% Stake

Turnaround Corporate Advisors Pvt Ltd, acting as the Manager to the Offer, has submitted a Letter of Offer to the public shareholders of Aar Shyam India Investment Company Ltd. The offer is made by Radha Krishna Avudari, Mrs. Sudha Rani Avudari, and Mr. Nagabhyru Srikanth (collectively, the "Acquirers") to acquire up to 58,43,327 equity shares, representing 26% of the company's paid-up equity share capital. The offer price is ₹15.00 per equity share, payable in cash. This open offer is being made in compliance with SEBI (SAST) Regulations, 2011. The tendering period is expected to commence soon, with potential upward revisions in the offer price or size possible until October 19, 2026.