Niraj Cement Structurals Open Offer: Acquirer Seeks 26% Stake at ₹29

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted a Letter of Offer to the shareholders of Niraj Cement Structurals Ltd. The offer is made by Mr. Gulshankumar Vijaykumar Chopra to acquire up to 1,55,20,529 equity shares, representing 26.00% of the company's fully paid-up equity and voting share capital. The acquisition price is set at ₹29 per share. This open offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is not conditional on any minimum acceptance level. No statutory approvals are currently required, and there are no competing offers or revisions to the offer price as of the filing date. Shareholders are advised to consult their stockbrokers or investment consultants for clarifications.