Announced Thu, 6 Aug · 19:40 IST
Open offer at Rs.15/share for 26% stake in Mitshi India by Karronn Naresh Bajaj
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
-2.1%1-day move
₹12.56
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.1-5.4-2.4+5.9+4.7-0.1————
Up moveDown movePending
AI summary
Mr. Karronn Naresh Bajaj has triggered a mandatory open offer to acquire up to 22,88,000 equity shares (26%) of Mitshi India at Rs.15 per share, totaling up to Rs.3.43 crore. He has signed an SPA to buy 15.57% from existing promoters Kumar V Shah and Deepa Kumar Shah for Rs.2.05 crore, resulting in a complete change in control. Offer opens Sept 16, 2026 and closes Sept 29, 2026. Last BSE closing price was Rs.12.69 on Aug 5, 2026.
Likely market impact
Shareholders can tender at Rs.15, about 18% above last close of Rs.12.69. Change of control with new promoter set to replace existing promoters.