Open Offer22 Oct 2026, 04:30 pm
RR MetalMakers: Independent Directors Recommend Open Offer
AI Summary
RR MetalMakers India Ltd has submitted the Recommendations of the Committee of Independent Directors (IDC) regarding the open offer made by RB International Holdings Limited and two individuals. The offer is to acquire up to 23,42,295 equity shares, representing 26.00% of the equity share capital, at ₹36.83 per share (including ₹12.98 compensatory interest). The total offer size is ₹8,62,66,724.85. The IDC has reviewed the offer documents and opined that the offer price appears fair and reasonable, while advising public shareholders to make their own informed decisions.
Key Highlights
- Independent Directors recommend the open offer.
- Offer price is ₹36.83 per share, including compensatory interest.
- Total offer size is ₹8,62,66,724.85.
- Acquirers are RB International Holdings and two individuals.
- Shareholders advised to make independent decisions.
Price Impact
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