Announced Thu, 20 Aug · 12:22 IST
Post offer ad filed for Niraj Cement open offer at Rs 29 per share
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
+0.7%1-day move
₹27.65
prior close
₹27.62
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.3+0.3+0.7+0.7+1.6+3.9+5.3+3.3+6.1+0.7+4.9——
Up moveDown movePending
AI summary
Open offer by Gulshankumar Vijaykumar Chopra to acquire up to 1.55 crore equity shares (26%) of Niraj Cement Structurals at Rs 29 per share closed on Aug 13, 2026. Only 21,350 shares were tendered against the target of 1,55,20,529 shares. Total consideration paid was Rs 6.19 lakh versus proposed Rs 45 crore. Post offer, the acquirer holds 2,97,40,004 shares (49.82%) and together with other promoters holds 65.97% of the company.
Likely market impact
Very weak response to tendering. Acquirer reached near-control via SPA deals, lifting promoter holding to 65.97%.