Open Offer19 Jun 2026, 03:20 pm
Neelkanth Rockminerals: Open Offer Draft Letter Filed
AI Summary
Mark Corporate Advisors Pvt. Ltd, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to BSE for the public shareholders of Neelkanth Rock-Minerals Ltd. The open offer is being made by Mr. Sesha Sai Nikhil Chintalapati to acquire up to 13,11,362 equity shares, representing 26.00% of the voting share capital, at an offer price of ₹19.40 per share. This offer is being made pursuant to SEBI (SAST) Regulations, 2011, and is not conditional or a competing offer. The acquirer may revise the offer price upwards under certain conditions.
Key Highlights
- Draft Letter of Offer for open offer submitted to BSE.
- Acquirer aims to buy 26% stake at ₹19.40 per share.
- Offer is in compliance with SEBI (SAST) Regulations, 2011.
- Offer price may be revised upwards.
- No competing offer as of the filing date.
Price Impact
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