Open Offer22 Oct 2026, 05:00 pm
Avishkar Infra Realty Open Offer: ₹23 per share for 26% stake
AI Summary
Aftertrade Broking Private Limited, acting as the Manager to the Open Offer, has submitted a Detailed Public Statement to BSE regarding an open offer by Nalin Ramaniklal Shah and Persons Acting in Concert (PACs) for Avishkar Infra Realty Limited. The offer is to acquire up to 58,24,853 equity shares, representing 26.00% of the voting share capital, at an offer price of ₹23 per share, payable in cash. The total maximum consideration for the offer is ₹13,39,71,619/-. This statement is issued in compliance with SEBI (SAST) Regulations, 2011.
Key Highlights
- Open offer for Avishkar Infra Realty shares at ₹23 each.
- Acquisition targets up to 26.00% of voting share capital.
- Total offer value amounts to ₹13,39,71,619/-.
- Nalin Ramaniklal Shah is the primary acquirer.
- The offer is managed by Aftertrade Broking Private Limited.
Price Impact
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