
Open Offer28 Oct 2026, 04:31 pm
Ishaan Infrastructures Open Offer: Independent Directors' Recommendations Published
AI Summary
Novus Capital Advisors Pvt Ltd, acting as the Manager to the Offer, has submitted the Recommendations of the Committee of Independent Directors (IDC) to BSE regarding the open offer for Ishaan Infrastructures and Shelters Limited. This recommendation, made pursuant to SEBI (SAST) Regulations, 2011, has been published in Financial Express (English & Gujarati), Jansatta (Hindi), and Pratahkal (Marathi). The open offer is being made by Misun Pure Lights Private Limited and other acquirers, along with related parties, to acquire up to 10.30% of the expanded voting equity share capital at an offer price of ₹14 per share.
Key Highlights
- Independent Directors' recommendations for open offer published.
- Open offer price set at ₹14 per share.
- Acquisition targets 10.30% of expanded equity share capital.
- Offer made by multiple acquirers and PACs.
- Recommendations published in major national dailies.
Price Impact
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