Niraj Cement Structurals: Open Offer for 26% Stake at ₹29 Per Share

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to the shareholders of Niraj Cement Structurals Ltd. This pertains to an open offer 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 offer price is set at ₹29 per share. The offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares or voting rights. No minimum acceptance level is required, and no statutory approvals are needed as of the draft letter's date. The tendering period and potential price revisions are detailed, with a note that accepted shares cannot be withdrawn.