Open Offer12 May 2026, 02:18 pm
AVI Products India: Open Offer at ₹33.00 per Share
AI Summary
Mark Corporate Advisors, manager to the open offer for AVI Products India, announced the offer opening on May 12, 2026. PPMS Real Estates LLP is making an open offer to acquire up to 859,769 equity shares of AVI Products India at a price of ₹33.00 per share, representing 26.00% of the voting share capital. The Committee of Independent Directors (IDC) finds the offer fair and reasonable.
Key Highlights
- Open offer for AVI Products India shares announced at ₹33.00 per share.
- PPMS Real Estates LLP aims to acquire 26.00% of AVI's voting share capital.
- IDC considers the offer price fair and reasonable based on SEBI regulations.
- Offer opening public announcement made on May 12, 2026.
- Letter of Offer dispatched to public shareholders.