Announced Tue, 23 Jun · 14:28 IST
Open offer at Rs 29 per share for 26 percent stake in Niraj Cement Structurals
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
-5.3%1-day move
₹32.47
prior close
₹30.85
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-5.3-7.5-8.4-8.7-10.3-7.8-10.5-12.1——
Up moveDown movePending
AI summary
Promoter Gulshankumar Chopra is making a mandatory open offer to buy up to 1.55 crore shares (26 percent) of Niraj Cement Structurals at Rs 29 per share in cash. This follows SPA deals to buy 2.45 crore shares (41.04 percent) from two sellers at Rs 25.50 and Rs 23.50. Maximum offer value is about Rs 45 crore. Post-offer, acquirer with other promoters will hold 91.93 percent. Offer runs August 7 to August 20, 2026.
Likely market impact
Public shareholders can tender at Rs 29; stock may see price action around the offer window. Post-offer promoter holding rises to about 92 percent.