Open Offer15 May 2026, 12:54 pm
Glittek Granites: Independent Directors' Committee on Open Offer
AI Summary
Glittek Granites Ltd's Independent Director Committee (IDC) met on May 13, 2026, to provide recommendations on the open offer by Maheshkumar Jatashankar Thanki and others to acquire up to 67,50,000 equity shares (26%) at ₹12.65 per share, totaling ₹8,53,87,500. The IDC members have disclosed their relationships with the company and acquirers, stating no conflicts of interest, except for Manish Killa's prior share transactions.
Key Highlights
- IDC recommends on open offer for 26% of Glittek Granites' equity shares.
- Open offer price is ₹12.65 per share, totaling ₹8,53,87,500.
- Acquirers include Maheshkumar Thanki, Bhargav Thanki, and Rawmin Mining.
- IDC members confirm no conflict of interest, except for Manish Killa's share transactions.
- Vivro Financial Services is the manager to the open offer.
Price Impact
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