Announced Mon, 10 Aug · 18:20 IST
Open Offer at Rs 19.40 for 26% stake in Neelkanth Rockminerals
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
+2.9%1-day move
₹60.00
prior close
₹63.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——+0.0—+2.9+0.8-1.2+0.8+2.8-0.4————
Up moveDown movePending
AI summary
Mr. Sesha Sai Nikhil Chintalapati (acquirer) has made an open offer to public shareholders of Neelkanth Rockminerals at Rs 19.40 per share for up to 13,11,362 shares (26% of voting capital), totaling about Rs 2.54 crore. This follows an SPA dated June 06, 2026 where the acquirer agreed to buy 62.06% stake from 7 promoter sellers for about Rs 6.07 crore. The acquirer plans to take control and diversify into AI. Tendering period: August 18 to September 01, 2026.
Likely market impact
Public shareholders can tender shares between Aug 18 and Sep 1, 2026 at Rs 19.40 per share. Change of control and potential pivot to AI business.