Open Offer22 Apr 2026, 10:03 am
Avi Products: PPMS Real Estates LLP Triggers Open Offer
AI Summary
PPMS Real Estates LLP has triggered an open offer to acquire up to 859,769 equity shares, representing 26.00% of the voting share capital of Avi Products India Limited, at ₹33.00 per share, totaling ₹7283.72 Lakhs. PPMS has deposited the full consideration and acquired 104,680 equity shares (3.17%) from Non-Promoter Sellers on April 21, 2026, following a Share Sale/Purchase Confirmation dated February 14, 2026. This acquisition is under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
Key Highlights
- PPMS Real Estates LLP initiates open offer for 26.00% stake in Avi Products.
- Offer price is ₹33.00 per share, totaling ₹7283.72 Lakhs.
- PPMS acquired 3.17% equity shares of Avi Products on April 21, 2026.
- The acquisition follows SEBI (SAST) Regulations, 2011.
- PPMS has deposited 100% consideration into Cash Escrow Account.