Announced Tue, 23 Jun · 15:57 IST
Open offer at Rs 29 per share to acquire 26 percent of 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
-2.6%1-day move
₹30.85
prior close
₹30.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.8+2.8-1.3+2.0-2.6-3.6-3.9-5.6-0.7-3.6-6.1-7.4——
Up moveDown movePending
AI summary
Mr. Gulshankumar Chopra, an existing promoter, has triggered a mandatory open offer to buy up to 1,55,20,529 shares (26 percent) of Niraj Cement Structurals at Rs 29 per share, worth up to about Rs 45 crore. This follows Share Purchase Agreements to buy a 41 percent stake from two sellers at Rs 25.50 and Rs 23.50 per share. Post-offer, the acquirer could hold about 75.78 percent of the company. Offer opens Aug 7, 2026 and closes Aug 20, 2026.
Likely market impact
Public shareholders can tender shares at Rs 29 between Aug 7 and Aug 20, 2026. Minimum public shareholding may fall below 25 percent after the offer.