Announced Tue, 28 Jul · 16:12 IST
Independent Directors committee finds Open Offer 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
₹29.22
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.2-0.9-0.4-0.1-0.1+0.8-5.4+0.4——
Up moveDown movePending
AI summary
Acquirer Gulshankumar Vijaykumar Chopra has made an open offer to buy up to 1,55,20,529 equity shares (26.00 percent) of Niraj Cement Structurals at Rs. 29 per share. The Committee of Independent Directors reviewed the offer based on the Public Announcement dated 16 June 2026 and Letter of Offer dated 18 July 2026, and concluded the offer is fair and reasonable.
Likely market impact
Independent Directors endorsement supports the Rs. 29 per share offer price. Shareholders may use this view when deciding to tender shares.