Promoter group open offer for 26% stake in Shankara Building Products at Rs 150

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF

SHANKARA · price

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+1.9%1-day move

₹137.00

prior close

₹147.10

base price

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AI summary

The Ballygunge Family Trust along with the promoter group of Shankara Building Products is making an open offer to buy up to 63,04,825 shares (26 percent of paid-up capital) from public shareholders at Rs 150 per share. Total size is about Rs 94.57 crore. It is partly a delayed compliance open offer (past market purchases from Feb 2026 breached SEBI takeover rules) and partly a voluntary purchase, lifting combined promoter holding from 49.52 percent to up to 75.52 percent.

Likely market impact

Public shareholders can tender shares at Rs 150. Higher promoter holding signals control consolidation but reduces free float.