Open offer price for RR MetalMakers revised up to Rs 36.83 per share
Price
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A corrigendum has been filed to the open offer for RR MetalMakers India. Acquirers RB International Holdings, Suyog Desai, and Nikita Desai are raising the offer price from Rs 23.85 to Rs 36.83 per share for a 26 percent stake (up to 23.42 lakh shares). SEBI noted past share purchases by selling shareholders in FY20 and FY21 had triggered the open offer. The revised price includes 10 percent compensatory interest on the highest prior acquisition price of Rs 21.29. Acquirers will top up the escrow.
Public shareholders of RR MetalMakers now have a higher exit option at Rs 36.83 per share, up about 54 percent from the earlier offer price of Rs 23.85.