
Open Offer28 Jul 2026, 06:00 pm
Yoga Builders Acquires 15.40% Stake in TMT India via Open Offer
AI Summary
Yoga Builders Private Limited, along with its persons acting in concert, has acquired 7,62,990 equity shares, representing 15.40% of the total share capital, in TMT India Limited. This acquisition occurred during the tendering process of an open offer, as disclosed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following this acquisition, Yoga Builders Private Limited now holds 15.40% of TMT India Limited's total diluted share capital. The company was previously in the public category but will be treated as a promoter post-completion of the open offer.
Key Highlights
- Yoga Builders acquired 15.40% stake in TMT India.
- Acquisition was part of an open offer tendering process.
- Total shares acquired amount to 7,62,990 equity shares.
- Acquirers will be reclassified as promoters post-offer.
- Disclosure made under SEBI (SAST) Regulations, 2011.
Price Impact
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