Announced Tue, 22 Sept, 2026 · 12:49 IST
Open offer at Rs 48/share by Nimesh Singh for Technojet Consultants
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Acquirer Nimesh Sahadeo Singh to buy up to 1,82,000 shares (26%) of Technojet Consultants at Rs 48 each via mandatory open offer. He has also signed an SPA with the Wadia group promoters for 1,46,293 shares and will get 3,25,000 shares via preferential issue at Rs 48. Post-offer holding could reach 93.33 percent. Maximum open offer value is about Rs 87.36 lakh. Target has zero revenue from operations.
Likely market impact
Shareholders get a Rs 48 exit opportunity. Change of control from Wadia group to acquirer. Small deal size on a thinly traded stock.