Mitshi India: Open Offer for 26% Stake at ₹15/Share Announced

Srujan Alpha Capital Advisors LLP, acting as the Manager to the Open Offer, has submitted a Detailed Public Statement regarding an open offer for Mitshi India Limited. Mr. Karronn Naresh Bajaj, the Acquirer, intends to acquire up to 22,88,000 equity shares, representing 26% of the total voting share capital, at a price of ₹15 per share. This open offer is made to the public shareholders of Mitshi India Limited and is in compliance with SEBI (SAST) Regulations, 2011. The Detailed Public Statement was published in Financial Express, Jansatta, and Pratahkal on July 30, 2026, following a Public Announcement on July 23, 2026. The offer stems from a Share Purchase Agreement dated July 23, 2026, between the Acquirer and the Promoter Sellers (Mr. Kumar V Shah and Mrs. Deepa Kumar Shah) for the acquisition of 15.57% of the company's share capital.