Open Offer24 Apr 2026, 02:28 pm
Tejassvi Aaharam IDC Recommends ₹7 Cr Open Offer for 70 Lakh Shares
AI Summary
The Committee of Independent Directors (IDC) of Tejassvi Aaharam Ltd has recommended the open offer made by Prasanna Natarajan, Rajat Chakra Credit & Holdings Private Limited, Sipping Spirits Private Limited, and Saranga Investments & Consultancy Private Limited, along with Rajalakshmi Natarajan (PAC). The offer is to acquire up to 70,00,000 equity shares at ₹10 each, totaling ₹7,00,00,000. This represents 12.04% of the target company's voting share capital from eligible public shareholders. The recommendation was published on April 24, 2026, following an IDC meeting on April 22, 2026, in compliance with SEBI (SAST) Regulations, 2011.
Key Highlights
- IDC recommended the open offer for Tejassvi Aaharam Ltd.
- Acquirers propose to buy 70 lakh shares at ₹10 per share.
- Total offer value aggregates to ₹7 crore.
- Offer targets 12.04% of public shareholding.
- Recommendation published on April 24, 2026.