SBA Infra triggers open offer after buying 74.31% stake

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

Iron & Steel Products peers, median of 106sector-0.8%+5.7% vs sector

On the reaction day the stock moved 5.7 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

SBA Infra Projects Pvt Ltd agreed on 29 October 2026 to buy 4,076,701 Rishabh Digha shares, equal to 74.31% of voting capital, from promoter sellers at Rs47 per share for Rs19.16 crore. This triggered an open offer for up to 1,409,699 shares, or 25.69%, at the same cash price, with maximum payment of Rs6.63 crore if fully accepted.

Likely market impact

Public shareholders may sell at Rs47 per share in cash. The 74.31% promoter stake sale transfers voting control to SBA Infra and could affect the stock price.