BSEAvishkar Infra Realty LtdHighNeutral
Announced Thu, 29 Oct, 2026 · 07:26 IST
Draft open offer to acquire 26% of Avishkar Infra Realty
Price reaction
Awaiting price reaction for this filing.
AI summary
Aftertrade Broking, acting for Nalin Ramaniklal Shah and related persons, filed a draft offer to buy up to 58,24,853 Avishkar shares, equal to 26% of voting capital, at Rs 23 per share in cash. The mandatory offer follows their 26.78% preferential-allotment stake and an agreement to acquire control. Eligible shareholders can tender from Dec 9 to Dec 22, 2026.
Likely market impact
Eligible holders get a cash sale option at Rs 23, but the draft still needs SEBI review. Control is moving to the buyer; price impact is uncertain.