Kunvarji Finstock Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Advertisement for the attention of the Equity Shareholders of Avishkar Infra Realty Ltd ("Target Company").
Awaiting price reaction for this filing.
Kunvarji Finstock Pvt Ltd, the Manager to the Offer, has submitted a Post-Offer Advertisement to BSE for the open offer to acquire 58,24,853 fully paid-up equity shares (26% of expanded voting capital) of Avishkar Infra Realty Ltd from public shareholders. The open offer was made by Mr. Niraj Harsukhlal Sanghavi (Acquirer) along with Ms. Nishra Niraj Sanghvi, Ms. Naysha Niraj Sanghvi, and M/s. Kenilworth Consultancy Services LLP (PACs) under SEBI (SAST) Regulations, 2011. The offer opened on December 23, 2025 and closed on January 6, 2026, with completion of payment on January 20, 2026. The final offer price was Rs. 16.20 per share. Post-offer, the Acquirer and PACs together hold 60,89,965 equity shares representing 27.18% of the equity share capital, up from 26.91% pre-offer.
This is a regulatory post-offer disclosure confirming the completion of the open offer process. Existing public shareholders who tendered their shares have received the buyback consideration at Rs. 16.20 per share. The marginal increase in promoter-group holding (from 26.91% to 27.18%) suggests limited additional acquisition beyond the pre-offer position, meaning the bulk of the open offer size may not have been fully subscribed, and the controlling stake pattern remains largely unchanged.