Open Offer at Rs.12 per share for 26 percent stake in Mahan Industries

Open Offer triggered for Mahan Industries Limited. Acquirers Nishil Shah and Niranjan Jain will buy 20,02,000 shares (26 percent of expanded capital) from public shareholders at Rs.12 per share, totalling about Rs.2.40 crore. Triggered by a preferential allotment of 32 lakh shares plus warrants and a share purchase from existing promoter Yogendrakumar Gupta. Post-offer, acquirers will hold 68.24 percent and gain control. Public Announcement dated July 16, 2026.