Announced Mon, 24 Aug · 18:36 IST
Open Offer filed to acquire 26% stake in Mitshi India at Rs 15 per share
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
+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
Acquirer Karronn Naresh Bajaj filed the Letter of Offer to acquire up to 22,88,000 shares (26%) of Mitshi India at Rs 15 per share in cash, totaling Rs 3.43 crore. This mandatory open offer follows an SPA dated July 23, 2026, to buy 15.57% from promoters Kumar V Shah and Deepa Kumar Shah, leading to a complete change of control. Offer window: Sep 3 to Sep 17, 2026. Last traded price was Rs 13.42 on Aug 21, 2026.
Likely market impact
Shareholders can tender shares between Sep 3 and Sep 17. Offer price of Rs 15 is at a premium to the last traded Rs 13.42.