TMT India Ltd: Open Offer for 26% Stake at ₹10 Per Share

Navigant Corporate Advisors Ltd, acting as the Manager to the Offer, has submitted a Letter of Offer to the shareholders of TMT India Ltd. This pertains to an open offer by M/s. Yoga Builders Private Limited, M/s. Scaffold Properties Private Limited, and M/s. MDK Properties and Estates Private Limited (collectively, the "Acquirers") to acquire up to 12,87,988 equity shares, representing 26.00% of the fully paid-up equity and voting share capital of TMT India Ltd. The offer price is set at ₹10 per share. This open offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares/voting rights accompanied by a change in control. No minimum acceptance level is required, and no statutory approvals are needed as of the offer date. The offer is not a competing offer, and there have been no revisions to the offer price.