Announced Fri, 11 Sept · 16:36 IST
Open offer at Rs 14 per share for Ishaan Infrastructures - DLOF filed
Price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹16.43
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Novus Capital Advisors filed the Draft Letter of Offer with BSE for an open offer to public shareholders of Ishaan Infrastructures. The offer at Rs 14 per share covers up to 63.48 lakh shares (10.04 percent of expanded voting capital), with max payout of Rs 8.89 crore. Triggered by a proposed preferential allotment of 5.67 crore shares giving acquirers control. Offer window is October 23 to November 5, 2026.
Likely market impact
Open offer triggered by change of control through preferential allotment. Public shareholders can tender shares between October 23 and November 5, 2026.