Open Offer29 Oct 2026, 07:31 pm
Rishabh Digha: SBA Infra Projects launches ₹66.25 Crore Open Offer
AI Summary
SBA Infra Projects Private Limited, formerly S.B.A Realtors & Developers Private Limited, has launched an open offer to acquire up to 14,09,699 equity shares of Rishabh Digha Steel & Allied Products Limited. The offer price is ₹47.00 per share, with a total consideration of ₹6,62,55,853.00 (₹66.25 Crore) payable in cash. This open offer is triggered by SBA Infra Projects' acquisition of 74.31% stake in Rishabh Digha from its promoters for ₹19,16,04,947.00. The offer represents 25.69% of the target company's voting share capital.
Key Highlights
- SBA Infra Projects launches open offer for Rishabh Digha Steel.
- Offer price set at ₹47.00 per share.
- Total offer size is ₹66.25 Crore for 25.69% stake.
- Triggered by promoter stake acquisition.
- Payment will be made in cash.
Price Impact
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