Shankara Building Products: Open Offer for 26% Stake at ₹150/Share

Corporate Professionals Capital Pvt Ltd, acting as the Manager to the Offer, has submitted a Draft Letter of Offer (DLOF) to the public shareholders of Shankara Building Products Ltd. The offer is made by The Ballygunge Family Trust, along with PACs (Mr. Sukumar Srinivas, Ms. Parwathi Srikanth Mirlay, Mr. Dhananjay Mirlay Srinivas, and Shankara Holdings Private Limited), to acquire up to 63,04,825 equity shares, representing 26.00% of the paid-up equity share capital. The offer price is set at INR 150 per equity share. This open offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer opens on September 07, 2026, and closes on September 21, 2026. It is not subject to any minimum acceptance level and is not a competing offer.