Announced Wed, 29 Jul · 20:20 IST
IDC recommends open offer at Rs 29 per share as fair and reasonable
NIRAJ · 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
+1.2%1-day move
₹28.62
prior close
₹29.45
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.2-0.2-0.7+1.2+1.7+2.0+2.0+3.1+2.7-0.4+2.5——
Up moveDown movePending
AI summary
Acquirer Gulshankumar Vijaykumar Chopra offers to buy up to 1,55,20,529 shares (26% of capital) of Niraj Cement Structurals at Rs 29 per share in cash under SEBI takeover rules. The Independent Directors Committee deems the price fair and reasonable, as it exceeds the 60-day volume-weighted average market price. Shareholders should independently evaluate.
Likely market impact
Shareholders can tender shares at Rs 29 if they find the offer attractive. Price above recent market average signals fairness per IDC.