Announced Tue, 19 May · 13:09 IST

As per Attachment

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.3%1-day move

₹44.49

prior close

₹42.15

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+5.3+5.3+5.3+1.1-0.3-1.1-4.5-4.5-5.6-6.9+3.1-7.1+21.4—

Up moveDown movePending

AI summary

Glittek Granites Ltd has filed a Pre-Offer Advertisement as required under SEBI (SAST) Regulations, 2011. Six individuals (Maheshkumar Jatashankar Thanki, Bhargav Girjashankar Thanki, Bhavin Harihar Thanki, Kalpana Ashwinkumar Thanki, Hema Bhargav Thanki, and Gautam Ashwinkumar Thanki) along with Rawmin Mining and Industries Private Limited (PAC) are making an open offer to acquire up to 67,50,000 equity shares of Glittek Granites. The advertisement was published on May 18, 2026 in multiple newspapers (Financial Express, Jansatta, Navshakti, and Udaykala). Vivro Financial Services Private Limited is acting as the merchant banker for this offer. The filing is pursuant to Regulation 18(7) of the SEBI SAST Regulations, which governs substantial acquisition of shares and takeovers.

Likely market impact

This open offer signal indicates a change in control or significant acquisition attempt for Glittek Granites. Shareholders should be aware that a takeover bid is underway, which could affect the stock's near-term volatility and price movement. The offer size of 67.5 lakh shares represents a substantial portion of the company's equity.