
Shankara Building Products: Corrigendum to Open Offer Announcement
Corporate Professionals Capital Pvt Ltd, acting as the Manager to the Offer, has submitted a corrigendum to the Public Announcement dated July 15, 2026, concerning an open offer for Shankara Building Products Ltd. The offer, made by The Ballygunge Family Trust along with persons acting in concert, aims to acquire up to 63,04,825 equity shares, representing 26.00% of the paid-up equity share capital, at a price of INR 150 per share. This corrigendum clarifies certain regulatory references within the original announcement, specifically amending the cited regulations from Regulation 3(1) read with 3(3) to Regulation 3(2) and other applicable laws. The offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Corrigendum filed for an open offer by The Ballygunge Family Trust.
- Offer targets up to 26% of Shankara Building Products at INR 150 per share.
- Clarification issued on SEBI (SAST) Regulations cited in the announcement.
- Manager to the Offer is Corporate Professionals Capital Pvt Ltd.
Price Impact
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