Antariksh Industries: Open Offer for 26% Stake at ₹86/Share
Antariksh Industries Limited is subject to an open offer initiated by Mr. Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP. The offer aims to acquire up to 6,31,785 equity shares, representing 26.00% of the emerging voting share capital, at a price of ₹86.00 per share. The total consideration for this open offer amounts to ₹5,43,33,510, payable in cash. This move is in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is triggered by a preferential issue, which includes the allotment of 22,25,000 equity shares to the acquirer, PAC, and non-promoters. The preferential issue, approved by the board on June 26, 2026, is subject to shareholder and regulatory approvals.
Key Highlights
- Open offer to acquire 26% of Antariksh Industries at ₹86 per share.
- Total offer size is ₹5,43,33,510 in cash.
- Triggered by a preferential issue of 22,25,000 equity shares.
- Acquirer: Alpitkumar Pravinchandra Gor; PAC: Riddhi Infocom Solutions LLP.
- Offer complies with SEBI (SAST) Regulations, 2011.
Price Impact
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