
Noble Polymers: Open Offer Advertisement Filed by Acquirers
Kunvarji Finstock Private Ltd, acting as the Manager to the Open Offer, has submitted a Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement and Letter of Offer for Noble Polymers Ltd. The open offer is by Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra to acquire up to 22,76,406 equity shares, representing 26.00% of the emerging voting share capital. The offer price is ₹5 per equity share, payable in cash, and has not been revised. The Committee of Independent Directors has deemed the offer price fair and reasonable. The Letter of Offer was dispatched on July 3, 2026, and is also available on the websites of SEBI, Noble Polymers, the Registrar to the Offer, the Manager to the Offer, and BSE.
Key Highlights
- Open offer to acquire 26% of Noble Polymers' voting share capital.
- Offer price set at ₹5 per equity share, payable in cash.
- Independent Directors find the offer price fair and reasonable.
- Detailed Public Statement was initially made on May 21, 2026.
- Letter of Offer dispatched on July 3, 2026.
Price Impact
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