Open Offer at Rs 29 per share for up to 26 percent stake in Niraj Cement Structurals

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

NIRAJ · price

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Price reaction · full curve 14 horizons · vs prior close

-1.4%1-day move

₹29.00

prior close

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AI summary

Existing promoter Mr. Gulshankumar Chopra has made a mandatory open offer for up to 1.55 crore shares (26 percent) of Niraj Cement Structurals at Rs 29 per share, triggered under SEBI SAST Regulation 3(1). He is also buying 2.45 crore shares (41.04 percent) via two SPAs from Bylan-Niraj Infra Projects and Chem Logistics at Rs 25.50 and Rs 23.50 per share. Offer opens July 31 and closes August 13, 2026. Post-offer holding will rise to 75.78 percent from current 24.89 percent.

Likely market impact

Existing promoter raising stake to 75.78 percent. Public shareholders can tender at Rs 29 per share, above SPA prices of Rs 23.50 and Rs 25.50.