Announced Wed, 2 Sept · 14:42 IST
Open Offer Recommendation by Independent Directors at Rs 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
+0.4%1-day move
₹146.51
prior close
₹147.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.3+0.0+0.7+0.4+0.6+1.1+1.2+1.3+1.3————
Up moveDown movePending
AI summary
Ballygunge Family Trust along with persons acting in concert (Sukumar Srinivas, Parwathi Mirlay, Dhananjay Mirlay Srinivas, Shankara Holdings Pvt Ltd) has made an open offer to acquire up to 63,04,825 equity shares (around 26 percent) of Shankara Building Products at Rs 150 per share. The Committee of Independent Directors has submitted its recommendation on the offer under Regulation 26(7) of SEBI SAST Regulations, 2011.
Likely market impact
Shareholders may tender shares at Rs 150 each. Review Independent Directors recommendation before deciding to accept or reject the open offer.