Open Offer29 May 2026, 02:28 pm
Noble Polymers: Open Offer for 26% Shares at ₹5 Per Share
AI Summary
Kunvarji Finstock Private Ltd, the manager to the open offer, submitted a draft letter of offer to BSE for the public shareholders of Noble Polymers Ltd. Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra (the Acquirers) are making an open offer to acquire up to 22,76,406 equity shares, representing 26.00% of the total expanded voting share capital, at an offer price of ₹5 per share, payable in cash. The offer complies with SEBI (SAST) Regulations, 2011.
Key Highlights
- Open offer for 26% of Noble Polymers' equity shares.
- Offer price is ₹5 per share, payable in cash.
- Acquirers are Mr. Mahesh Alabhai Odedra and Mr. Hiren Rambhai Odedra.
- Offer complies with SEBI (SAST) Regulations, 2011.
- Draft Letter of Offer is available on SEBI's website.
Price Impact
More from NOBPOL