Open Offer12 May 2026, 07:01 pm
Glittek Granites: Open Offer for 26% Equity at ₹12.65/Share
AI Summary
Glittek Granites Ltd has announced an open offer by Maheshkumar Jatashankar Thanki and other acquirers, along with Rawmin Mining And Industries Private Limited (PAC), to acquire up to 67,50,000 equity shares, representing 26% of the company's equity share capital. The offer price is ₹12.65 per equity share, payable in cash. This offer complies with SEBI (SAST) Regulations and is not conditional upon any minimum level of acceptance.
Key Highlights
- Open offer for 26% of Glittek Granites' equity share capital.
- Offer price is ₹12.65 per equity share, payable in cash.
- Acquirers include Maheshkumar Jatashankar Thanki and Rawmin Mining And Industries Private Limited (PAC).
- Offer is in compliance with SEBI (SAST) Regulations.
- No statutory approvals are currently required for the transaction.