Announced Thu, 6 Aug · 17:00 IST

Open Offer Draft Filed - Acquirer to buy 26% of Mitshi India at Rs 15/share

Listed Co AcquisitionOpen Offer TriggeredStrategic 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

-2.1%1-day move

₹12.56

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.1-5.4-2.4+5.9+4.7-0.1+10.2+17.7——

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AI summary

Mr. Karronn Naresh Bajaj has filed a Draft Letter of Offer to acquire up to 22,88,000 shares (26%) of Mitshi India at Rs 15 per share, totalling Rs 3.43 crore. This follows a Share Purchase Agreement to buy 15.57% from existing promoters at the same price, triggering a mandatory open offer under SEBI takeover rules. The Acquirer will become the new Promoter, leading to complete change in control. Last traded price was Rs 12.69. Offer opens September 16, closes September 29, 2026.

Likely market impact

Offer at Rs 15 (above market price of Rs 12.69) gives shareholders an exit opportunity. Change in control with new promoter taking over Mitshi India.