Open Offer2 Jun 2026, 01:27 pm
Supreme Infrastructure Clarifies Status of 26% Open Offer
AI Summary
Supreme Infrastructure India Limited has issued a clarification regarding an ongoing open offer for 26% of its fully diluted voting share capital, totaling 3,09,00,665 equity shares. The company noted that SEBI issued an observation letter on May 25, 2026, regarding the Draft Letter of Offer. The Acquirers and Persons Acting in Concert (PACs) have requested that SEBI reconsider certain observations, including issues related to offer size, timelines, escrow requirements, and interest computation. The company emphasized that it is not the acquirer and that funding and implementation obligations rest solely with the Acquirers and PACs. The matter remains under regulatory consideration.
Key Highlights
- SEBI issued an observation letter on May 25, 2026, regarding the open offer.
- The open offer concerns 3,09,00,665 equity shares, representing 26% of the company's voting capital.
- Acquirers have requested SEBI to reconsider observations on offer size, timelines, and escrow requirements.
- The company clarified it is not the acquirer and has no funding obligations for the offer.
Price Impact
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