Announced Wed, 2 Sept · 10:56 IST
IDC recommends open offer by Karronn Bajaj for 26 percent stake at Rs 15 per share
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+8.6%1-day move
₹13.25
prior close
₹13.85
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-0.4+8.6+10.9+11.5+9.3+7.5+9.4————
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AI summary
Mitshi India Limited has submitted the Independent Directors Committee recommendation on Mr. Karronn Naresh Bajaj's open offer to acquire 22,88,000 equity shares, representing 26 percent of the voting share capital, at Rs 15 per share. The IDC recommendation dated August 27, 2026 was published on September 1, 2026 in Financial Express, Jansatta, and Pratahkal newspapers. Srujan Alpha Capital Advisors LLP is the manager to the offer.
Likely market impact
Shareholders should review the IDC recommendation before deciding whether to tender shares in the open offer at Rs 15 per share.