Open Offer14 Oct 2026, 02:22 pm
Mapro Industries: Open Offer for 26% Stake at ₹60.13 Per Share
AI Summary
Wealth Mine Networks Ltd, acting as the Manager to the Open Offer, has submitted a Draft Letter of Offer to BSE for an open offer to the equity shareholders of Mapro Industries Limited. The offer is being made by Arambhveer Limited and Persons Acting in Concert (PACs) to acquire up to 21,81,121 equity shares, representing 26.00% of the company's voting share capital. The offer price is ₹60.13 per equity share, payable in cash. This open offer is being conducted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is not conditional upon a minimum acceptance level.
Key Highlights
- Open offer for 26% stake in Mapro Industries.
- Offer price set at ₹60.13 per equity share.
- Acquisition aims for substantial shareholding as per SEBI Takeover Code.
- Wealth Mine Networks appointed as Manager to the Open Offer.
- Offer is not conditional on minimum acceptance.
Price Impact
More from MAPROIN