Announced Thu, 30 Jul · 11:44 IST
Open Offer at Rs15/share for 26 percent stake in Mitshi India by Karronn 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
+5.1%1-day move
₹12.09
prior close
₹12.43
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1+1.9+0.7+5.1+3.4+4.2+6.3+3.9+1.7+11.6+7.6——
Up moveDown movePending
AI summary
Mr. Karronn Naresh Bajaj has launched an open offer to acquire up to 22,88,000 shares (26 percent of voting capital) of Mitshi India at Rs15 per share. The offer follows a Share Purchase Agreement signed July 23, 2026 with current promoters Kumar V Shah and Deepa Kumar Shah, who together hold 15.57 percent. Post-offer, Bajaj will hold 41.57 percent and gain control. Tendering period runs September 16 to September 29, 2026.
Likely market impact
Open offer at Rs15/share from new acquirer seeking control; public shareholders can tender during the tendering period for cash exit.