Open Offer at Rs 48 per share filed for 26 percent stake in Technojet Consultants
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Mandatory open offer by Nimesh Singh to acquire up to 1,82,000 shares (26 percent of emerging equity) of Technojet Consultants at Rs 48 per share. Offer opens Nov 9, 2026 and closes Nov 23, 2026. Triggered by an SPA to buy 20.90 percent from Wadia group promoters for Rs 70.22 lakh and a preferential issue. Acquirer will hold 67.33 percent post deal, up to 93.33 percent if fully accepted, resulting in change of control.
Shareholders get exit option at Rs 48 per share. Change of control incoming as Wadia group exits. Public shareholding may fall below 25 percent minimum post offer.