Announced Mon, 31 Aug · 13:37 IST
Open offer at INR 150 per share for 26 percent stake from public shareholders
SHANKARA · 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
+0.1%1-day move
₹146.40
prior close
₹146.19
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3+0.1+0.1+0.1+0.1+0.4+0.5+0.7+1.2+1.4————
Up moveDown movePending
AI summary
The Ballygunge Family Trust and PACs including promoter Sukumar Srinivas are making a mandatory open offer under SEBI takeover rules to acquire up to 63,04,825 shares (26 percent) of Shankara Building Products at INR 150 per share in cash. The offer rectifies past non-compliance after the acquirer became part of the promoter group in March 2026. Offer opens September 7 and closes September 21, 2026. Post-offer promoter holding rises from 49.52 percent to 75.52 percent.
Likely market impact
Public shareholders may tender shares at INR 150. Promoter stake rises to 75.52 percent, pushing public float below the required 25 percent minimum.