Open Offer19 May 2026, 08:40 am
Glittek Granites: Open Offer for 26% Shares at ₹12.65
AI Summary
Vivro Financial Services, manager to the open offer for Glittek Granites, has submitted a pre-offer advertisement regarding the open offer to acquire up to 67,50,000 equity shares (26%) from public shareholders at a price of ₹12.65 per share. The tendering period is set from May 19, 2026, to June 2, 2026. The Committee of Independent Directors (IDC) considers the offer price fair and reasonable, but advises shareholders to make independent evaluations.
Key Highlights
- Open offer for 26% of Glittek Granites' equity shares.
- Offer price is ₹12.65 per equity share, payable in cash.
- Tendering period: May 19, 2026 to June 2, 2026.
- IDC finds the offer price fair and reasonable.
- Pre-offer advertisement published in multiple newspapers.
Price Impact
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