Announced Wed, 22 Jul · 17:23 IST
Open Offer for Shankara Building Products at INR 150 per share
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
+0.2%1-day move
₹139.69
prior close
₹139.69
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.1—-0.1+0.2+0.7————————
Up moveDown movePending
AI summary
Shankara Building Products faces an open offer from The Ballygunge Family Trust together with persons acting in concert including Sukumar Srinivas, Parwathi Srikanth Mirlay, Dhananjay Mirlay Srinivas and Shankara Holdings. The acquirer is offering to buy 26 percent of paid-up equity shares at INR 150 per share, in compliance with SEBI Takeover Regulations 2011. Corporate Professionals Capital is acting as the manager to the offer.
Likely market impact
Shareholders can tender shares at INR 150 each during the open offer window. Offer price acts as a near-term reference level for the stock.