Open Offer19 Sept 2026, 12:00 pm
Technojet Consultants: Open Offer for 26% Stake at ₹48/Share
AI Summary
Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has announced an open offer for Technojet Consultants Limited. The offer is to acquire up to 1,82,000 equity shares, representing 26.00% of the emerging equity capital, at a price of ₹48 per share. This open offer is triggered by the Target Company's Board approval for a preferential issue to the acquirer and a Share Purchase Agreement with existing promoters. The total emerging equity capital will be 7,00,000 shares post allotment.
Key Highlights
- Open offer to acquire 26% stake in Technojet Consultants.
- Offer price set at ₹48 per equity share.
- Acquisition triggered by preferential issue and SPA with promoters.
- Total of 1,82,000 equity shares to be acquired.
- Emerging equity capital to be 7,00,000 shares post-transaction.
Price Impact
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