
Open Offer17 Aug 2026, 04:51 pm
Neelkanth Rock-Minerals: Open Offer Public Announcement Filed
AI Summary
Mark Corporate Advisors Pvt. Ltd, acting as the Manager to the Offer, has submitted an Offer Opening Public Announcement to BSE for Neelkanth Rock-Minerals Limited. This announcement, made under SEBI (SAST) Regulations, 2011, details an open offer to acquire up to 13,11,362 equity shares at ₹19.40 per share, representing 26.00% of the voting share capital. The offer price has not been revised. The Committee of Independent Directors has reviewed the offer and deemed the price of ₹19.40 per equity share as fair and reasonable, in accordance with SEBI regulations. The announcement follows previous public announcements and the detailed public statement.
Key Highlights
- Open offer announced for Neelkanth Rock-Minerals by Mark Corporate Advisors.
- Offer to acquire 26% stake at ₹19.40 per share.
- Independent Directors deem offer price fair and reasonable.
- Announcement made under SEBI (SAST) Regulations, 2011.
Price Impact
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