Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement under Regulation 18(7) of Securities and Exchange Board of India ....
Awaiting price reaction for this filing.
PPMS Real Estates LLP has formally opened a mandatory open offer to public shareholders of AVI Products India Limited at ₹33 per equity share in cash, targeting up to 8,59,769 shares representing 26% of the voting share capital. The Acquirer already holds 62.68% of the company (20,72,669 shares) following prior acquisitions in April 2026 under share purchase agreements with promoter and non-promoter sellers. The Independent Directors Committee has recommended the offer as fair and reasonable. The tendering period runs from May 13, 2026 to May 26, 2026, and the acquirer has indicated plans to diversify the company's operations into real estate, subject to shareholder approval.
The open offer is now active, giving minority shareholders a final chance to exit at ₹33 per share. Given the acquirer's already dominant 62.68% stake, this offer is unlikely to materially change control. The real estate diversification signal could influence long-term sentiment for remaining shareholders.