StockWatch
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Trading - Metals
Open Offer23 Oct 2026, 01:19 pm

RR MetalMakers: Open Offer Price Revised to ₹36.83

AI Summary

Vivro Financial Services Pvt Ltd, acting as the Manager to the Offer, has submitted a Pre-Offer Advertisement for RR MetalMakers India Limited. This advertisement, published on October 23, 2026, details an Open Offer by RB International Holdings Limited and individuals Suyog Yogesh Desai and Nikita Suyog Desai to acquire up to 23,42,295 equity shares, representing 26.00% of the company's equity share capital. The Offer Price has been revised to ₹36.83 per equity share (including compensatory interest of ₹12.98 per share), an increase from the previous ₹23.85. The tendering period for the Open Offer is scheduled from October 26, 2026, to November 06, 2026. The Committee of Independent Directors has approved the revised offer price as fair and reasonable.

Key Highlights

  • Open Offer for 26% stake in RR MetalMakers India Ltd.
  • Offer price revised to ₹36.83 per share.
  • Tendering period: October 26 to November 6, 2026.
  • Independent Directors deem offer price fair and reasonable.
  • No competing offer has been made.