Open Offer6 Aug 2026, 07:50 pm
Mitshi India: Open Offer Draft Letter of Offer Filed
AI Summary
Mitshi India Limited has received a copy of the Draft Letter of Offer dated August 06, 2026, concerning an open offer made by Mr. Karronn Naresh Bajaj. The acquirer proposes to purchase up to 22,88,000 equity shares, representing 26% of the total equity and voting share capital of the company. The offer price is set at ₹15 per fully paid-up equity share. This filing is in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Draft Letter of Offer has been filed with SEBI and submitted to the stock exchange for uploading on its website.
Key Highlights
- Open offer by Mr. Karronn Naresh Bajaj to acquire 26% stake.
- Offer price set at ₹15 per equity share.
- Up to 22,88,000 equity shares are to be acquired.
- Draft Letter of Offer filed with SEBI.
- Transaction is under SEBI (SAST) Regulations, 2011.
Price Impact
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