BSEMitshi India LimitedHighNeutral
Announced Wed, 2 Sept · 22:19 IST

Open Offer by Mr. Karronn Bajaj to acquire 26% of Mitshi India at Rs.15/share

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDFExplain this filing

Price

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Price reaction · full curve 14 horizons · vs prior close
+7.0%1-day move
₹13.74
prior close
₹14.13
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.2-0.2-0.9+7.0+7.6+5.4+3.7+4.9+3.0
Up moveDown movePending
AI summary

Mr. Karronn Naresh Bajaj is making a mandatory open offer to acquire up to 22,88,000 equity shares representing 26 percent of the voting share capital of Mitshi India Limited at Rs.15 per share in cash. The Independent Directors Committee has recommended the offer as fair and reasonable under SEBI Takeover Regulations. No competing bid was received and there is no revision in offer price. The tendering period runs from September 3 to September 17, 2026, implemented through the BSE acquisition window.

Likely market impact

Shareholders can tender shares at Rs.15/share between Sept 3 and Sept 17, 2026. Independent Directors deem the offer fair and reasonable.