Announced Sat, 22 Aug · 11:36 IST
Mandatory cash open offer triggered at Rs 15 per share
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Radha Krishna Avudari, Sudha Rani Avudari and Nagabhyru Srikanth triggered a mandatory cash open offer for up to 58,43,327 Aar Shyam shares, equal to 26% of the expanded capital, at Rs 15 each. Maximum payout is Rs 8.76 crore. The trigger includes a proposed 1,40,56,300-share preferential issue against 29,00,000 SVR Electro Projects shares, plus the purchase of 12,16,068 shares from the outgoing promoter. Approvals are pending.
Likely market impact
Control will move to the acquirers. Public shareholders can tender at Rs 15 cash, but the preferential issue may increase dilution and volatility.