Open Offer by Karronn Bajaj for 26% stake in Mitshi India at Rs 15 per share
Price
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Mr. Karronn Naresh Bajaj is making a mandatory open offer to buy up to 22,88,000 equity shares (26% of voting capital) of Mitshi India at Rs. 15 per share, totaling about Rs. 3.43 crore. This follows a Share Purchase Agreement dated July 23, 2026, under which the acquirer will purchase 13,70,070 shares (15.57%) from existing promoters Kumar V Shah and Deepa Kumar Shah at Rs. 15 per share (about Rs. 2.06 crore). Post-deal, the acquirer will become the new promoter and gain control of the company. The shares are infrequently traded on BSE. No delisting is planned.
Public shareholders can tender shares at Rs. 15 each during the offer window. Change of control is incoming as current promoters exit and the new acquirer takes over.