Announced Mon, 24 Aug · 19:42 IST

Open Offer by Karronn Bajaj for 26% stake in Mitshi India at Rs 15/share

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

Price

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▲ 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

+0.8%1-day move

₹13.39

prior close

₹13.85

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-7.1-1.1-1.1-6.0+0.8+2.4+3.4-2.8-1.0+7.5+8.6———

Up moveDown movePending

AI summary

Mr. Karronn Naresh Bajaj has triggered a mandatory open offer to acquire up to 22,88,000 shares (26%) of Mitshi India at Rs 15 per share, worth Rs 3.43 crore at full acceptance. This follows a Share Purchase Agreement signed July 23, 2026, to buy 15.57% from existing promoters Kumar V Shah and Deepa Kumar Shah for Rs 2.05 crore, leading to complete change in control. Offer price is above the last BSE closing price of Rs 13.42. Tender window runs from September 3 to September 17, 2026.

Likely market impact

Open offer at Rs 15 offers a premium over market price of Rs 13.42. Shareholders may tender shares during the September 3 to 17, 2026 window. Change of control incoming.