IDC recommends open offer at Rs 15 per share as fair and reasonable
Price
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The Committee of Independent Directors of Mitshi India has reviewed the open offer by Mr. Karronn Naresh Bajaj and recommended it as fair and reasonable. The offer is for up to 22,88,000 equity shares, equal to 26 percent of voting share capital, at Rs 15 per share in cash. This matches the negotiated price under the Share Purchase Agreement signed on July 23, 2026. The IDC noted shares are infrequently traded on BSE and the price aligns with SEBI takeover rules. Shareholders are advised to evaluate the offer independently.
Eligible shareholders can tender shares at Rs 15 each in cash. IDC finds offer fair, but investors should evaluate independently before deciding to tender.