Announced Wed, 29 Jul · 19:25 IST
Open offer at Rs 150/share for Shankara Building Products by promoter group
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
+1.4%1-day move
₹140.01
prior close
₹140.66
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2——+0.2+1.4+1.4+3.4+2.1+1.4+1.5+1.4———
Up moveDown movePending
AI summary
Shankara Building Products' promoter group, led by Ballygunge Family Trust and MD Sukumar Srinivas, has filed a Draft Letter of Offer for an open offer at Rs 150 per share. The offer covers up to 63,04,825 shares (26 percent of paid-up capital), lifting promoter holding from 49.52 percent to 75.52 percent. This is a delayed mandatory offer to fix past SEBI takeover rule non-compliance. The offer opens September 7 and closes September 21, 2026.
Likely market impact
Shareholders can tender shares at Rs 150 between Sept 7 to Sept 21, 2026. Promoter stake will rise to 75.52 percent, reducing public shareholding and possible delisting risk.