Announced Thu, 5 Nov, 2026 · 17:47 IST
Draft open offer for 26% stake at Rs 30 per share
SHAIVAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Tarangkumar Savaliya, Hiteshbhai Bhuva and Jigneshbhai Bhuva have filed a Draft Letter of Offer to buy up to 30,09,240 Shaival Reality shares, representing 26% of voting capital, at Rs 30 per share in cash for up to Rs 9.03 crore. The offer is scheduled from December 16 to December 30, 2026. A signed deal separately covers 72.63% from the sellers.
Likely market impact
Control may shift to the acquirers. Full acceptance would cut public holding to 1.37%, while the Rs 30 offer is below the Rs 33 market price.