Announced Thu, 6 Aug · 16:11 IST
Open offer at Rs 17.10/share for 26% stake in Ramgopal Polytex
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
+10.3%1-day move
₹32.00
prior close
₹33.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0———+10.3+15.8+13.4+15.7+18.0+13.3————
Up moveDown movePending
AI summary
Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya (father and son) have triggered a mandatory open offer for Ramgopal Polytex after signing an SPA to acquire 45.46% stake at Rs 9 per share from the existing promoter group. The open offer is for 26% (37.70 lakh shares) at Rs 17.10 per share in cash. Post-offer, acquirers will hold 71.46%. Offer opens Sept 16, 2026 and closes Sept 29, 2026. Manager to the offer is Corporate Professionals Capital.
Likely market impact
Public shareholders can tender shares at Rs 17.10 cash. Control shifts to new promoters; existing promoter group exits entirely.