Open Offer6 Jun 2026, 04:21 pm
Neelkanth Rockminerals: Open Offer for 26% Stake at ₹719.40
AI Summary
Mr. Sesha Sai Nikhil Chintalapati is making an open offer to acquire up to 13,11,362 equity shares of Neelkanth Rockminerals Limited, representing 26.00% of the voting share capital. The offer price is set at ₹719.40 per equity share, with a total consideration of approximately ₹94.32 crore. This open offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mark Corporate Advisors Pvt. Ltd. is acting as the Manager to the Offer.
Key Highlights
- Open offer to acquire 26% stake in Neelkanth Rockminerals.
- Offer price set at ₹719.40 per equity share.
- Total consideration approximately ₹94.32 crore.
- Acquisition complies with SEBI (SAST) Regulations, 2011.