BSEMahan Industries LtdHighNeutral
Announced Fri, 14 Aug, 2026 · 13:20 IST
Open Offer Corrigendum - 26 percent stake at Rs 12 per share
Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Aftertrade Broking filed a corrigendum to the Draft Letter of Offer for Mahan Industries. Acquirers Nishil Shah and Niranjan Jain will buy 20,02,000 shares (26 percent of expanded voting equity capital) at Rs 12 per share under SEBI SAST rules. Updates cover preferential allotment of 32 lakh equity shares and 2.16 crore convertible warrants. Both acquirers are now Executive Directors (Acquirer-2 also CFO). 25 percent of offer money is deposited.
Likely market impact
Public shareholders can tender shares at Rs 12 in this open offer; both acquirers are now Executive Directors at Mahan Industries.