StockWatch
·
Industrial Products
Open Offer27 Apr 2026, 11:51 am

TMT India: Open Offer for 26% Equity Shares at ₹10 Per Share

AI Summary

Navigant Corporate Advisors, acting as the Manager to the Offer, announced a Detailed Public Statement for the equity shareholders of TMT India Ltd. Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited (collectively, the Acquirers) are making an open offer to acquire up to 12,87,988 equity shares of TMT India, representing 26.00% of the fully paid-up equity and voting share capital, at a price of ₹10 per share. The offer is made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Detailed Public Statement was published on April 27, 2026.

Key Highlights

  • Open offer for acquisition of 26% equity shares of TMT India Ltd.
  • Offer price is ₹10 per equity share.
  • Acquirers are Yoga Builders, Scaffold Properties, and MK Profinlease.
  • Offer size is up to 12,87,988 equity shares.
  • Detailed Public Statement published on April 27, 2026.