Announced Thu, 23 Jul · 16:42 IST
Open offer for 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
-2.1%1-day move
₹14.30
prior close
₹17.29
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-5.1-3.2+0.0—-2.1—————————
Up moveDown movePending
AI summary
Mr Karronn Naresh Bajaj has triggered a mandatory open offer to buy up to 22,88,000 equity shares (26% of voting capital) of BSE-listed Mitshi India at Rs 15 per share, totalling around Rs 3.43 crore. This follows a Share Purchase Agreement with existing promoters Kumar V Shah and Deepa Kumar Shah, who are selling their entire 15.57% stake (13,70,070 shares) for about Rs 2.05 crore. Bajaj will become the new promoter; the shares are infrequently traded. No delisting is planned.
Likely market impact
Public shareholders can tender shares at Rs 15 each. Change of promoter and control at the company, with new management taking over.