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Open Offer20 Aug 2026, 12:03 pm

Jai Mata Glass: Open Offer for 26% Stake at ₹1.85/Share

AI Summary

Corporate Professionals Capital Pvt Ltd, acting as Manager to the Offer, has announced an open offer on behalf of Mr. Ashwani Gulati, Ms. Kiran Gulati, and M/s Veerasha Trust to acquire up to 2,60,00,000 equity shares, representing 26.00% of Jai Mata Glass Ltd's paid-up equity share capital. The offer price is set at INR 1.85 per equity share. This open offer is made pursuant to SEBI (SAST) Regulations, 2011. The Detailed Public Statement was published on July 20, 2026, and the Independent Directors Committee has recommended the offer price as fair and reasonable. The Letter of Offer has been dispatched to shareholders.

Key Highlights

  • Open offer to acquire 26% stake in Jai Mata Glass Ltd.
  • Offer price set at INR 1.85 per equity share.
  • Acquirers are Mr. Ashwani Gulati, Ms. Kiran Gulati, and M/s Veerasha Trust.
  • Offer is in compliance with SEBI (SAST) Regulations, 2011.
  • Independent Directors Committee finds offer price fair and reasonable.