BSETMT India LtdHighNeutral
Announced Thu, 25 Jun · 16:23 IST
Open Offer for TMT India at Rs 10 per share - Letter of Offer submitted
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Open Offer for TMT (India) Limited by Yoga Builders, Scaffold Properties, and MDK Properties (Kothari group) to acquire up to 12,87,988 shares (26%) at Rs 10 per share. Triggered by SPAs signed April 20, 2026 for 52.81% stake at Re 1 per share. Offer opens July 8 and closes July 21, 2026. Acquirers will become new promoters. No delisting planned.
Likely market impact
Shareholders can tender shares at Rs 10 between July 8 and July 21, 2026. Change of control imminent; existing promoters will exit.