Open Offer26 Sept 2026, 09:30 am
Tusaldah Ltd: Open Offer for 26% Stake at ₹20/Share
AI Summary
Navigant Corporate Advisors Limited, acting as Manager to the Open Offer, has submitted a public announcement for Tusaldah Limited (formerly High Street Filatex Limited). The open offer is for acquiring up to 37,83,000 equity shares, representing 26.00% of the expanded equity and voting share capital, at an offer price of ₹20 per share. This offer is triggered by the company's board approval to issue equity shares and convertible warrants to the acquirers, Mr. Sandeep Jagdishprasad Agrawal and Mrs. Anupriya Sandeep Agrawal. The shares are listed on BSE Limited.
Key Highlights
- Open offer to acquire 26% of Tusaldah Ltd's expanded capital.
- Offer price set at ₹20 per equity share.
- Acquirers are Mr. Sandeep Jagdishprasad Agrawal and Mrs. Anupriya Sandeep Agrawal.
- Triggered by board approval for preferential issue of shares and warrants.
- Total of 37,83,000 equity shares are part of the open offer.
Price Impact
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