Open Offer at Rs 15 per share for 26 percent of Aar Shyam India Investment
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Draft Letter of Offer filed for open offer to public shareholders of Aar Shyam India Investment Company. Three acquirers - Radha Krishna Avudari, Sudha Rani Avudari and Nagabhyru Srikanth - offering Rs 15 per share for up to 58,43,327 shares (26 percent of emerging capital), max consideration about Rs 8.76 crore. Offer triggered by Share Purchase Agreement with outgoing promoter Guruomega Private Limited selling 12.16 lakh shares at Rs 13.60, plus a proposed preferential allotment of 1.94 crore shares at Rs 15. Change of control expected with acquirers becoming new promoters. SVR Electro Projects to become wholly owned subsidiary via share swap. Tendering period October 16 to 30, 2026.
Public shareholders can tender shares at Rs 15 between Oct 16 and Oct 30, 2026. Change of control expected as acquirers take over as new promoters of the listed company.