Announced Wed, 22 Jul · 13:41 IST
Open Offer at Rs 42.80 launched for 26% stake in Parmax Pharma
Price
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Price reaction · full curve 14 horizons · vs prior close
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₹104.97
prior close
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AI summary
Acquirers Dhiren Shah and Sunil Shah with 10 persons acting in concert have launched an open offer for up to 23,46,250 shares (26 percent of expanded voting capital) of Parmax Pharma from public shareholders at Rs 42.80 per share, about Rs 10.04 crores total. This follows a Share Purchase Agreement for 12.77 percent from existing promoters at Rs 35 per share. Existing promoters will fully exit, causing change of control. Tendering period runs July 30 to August 12, 2026.
Likely market impact
Public shareholders can tender shares at Rs 42.80 from July 30 to Aug 12, 2026. Change of control as existing promoters will fully exit.