Independent Directors Committee (IDC) have submitted to BSE recommendations under Regulation 26(7) of SEBI (SAST) Regulations, 2011, for the Open Offer to Public Shareholders of Avi Products ....
Awaiting price reaction for this filing.
PPMS Real Estates LLP is making an open offer to acquire up to 8,59,769 equity shares (26% of voting capital) of AVI Products India Ltd at ₹33 per share. The Independent Directors Committee, chaired by Dayashankar Patel, reviewed the Public Announcement, Detailed Public Statement, and Letter of Offer. The IDC unanimously approved the recommendation on May 7, 2026, stating that the offer price of ₹33 per share is fair and reasonable and in compliance with SEBI regulations. The offer is being managed by Mark Corporate Advisors Private Limited.
The IDC has endorsed the ₹33 offer price as justified and regulatory-compliant, giving shareholders some confidence in the valuation. This open offer, triggered under SEBI takeover rules, will allow public shareholders to exit at this price if they choose.