Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulations 13(1), 14 and 15(1) of The ....
Awaiting price reaction for this filing.
PPMS Real Estates LLP has launched an open offer to buy up to 8,59,769 shares (26% of voting capital) of Avi Products India at ₹33.00 per share, totalling about ₹2.84 crores in cash. The offer was triggered by two agreements signed on February 14, 2026: a Share Purchase Agreement with 4 existing promoters for 7,83,091 shares (23.68%) at ₹33.00 each, and deals with 3 non-promoter sellers for 4,69,710 shares (14.20%) at ₹29.00–₹32.50 each. Post-transaction, PPMS Real Estates' stake will jump from 24.79% to 62.68%, giving it control of the company, while the current promoter family (Vora family) will completely exit and be reclassified as public shareholders. The acquirer has confirmed no intention to delist the target company. A detailed public statement is expected by February 23, 2026.
This is a full change-of-control event — the existing promoter family is exiting entirely and a new LLP is taking over. Public shareholders can tender their shares at ₹33.00 during the offer window; whether this is attractive depends on the current market price on BSE.