BSETMT India LtdHighNeutral
Announced Fri, 3 Jul · 16:34 IST
Independent Directors find TMT open offer fair and reasonable
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The Committee of Independent Directors of TMT (India) reviewed the open offer by three acquirers, Yoga Builders, Scaffold Properties, and Mk Profinlease, for up to 12,87,988 equity shares representing 26 percent of share capital at Rs. 10 per share. After reviewing the public announcement dated April 20, 2026, detailed public statement dated April 27, 2026, and letter of offer dated June 24, 2026, the committee concluded the offer is fair and reasonable.
Likely market impact
Independent directors endorsing the offer may give shareholders more confidence to participate in the tendering process.