TMT India: Open Offer Opens 8 July at Rs 10 per share

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Pre-Offer ad published for open offer to acquire up to 12,87,988 shares (26%) of TMT India at Rs 10 per share in cash. Acquirers are Yoga Builders, Scaffold Properties, and MDK Properties. IDC finds the offer price justified. Letter of Offer dispatched 30 June. Offer opens 8 July, closes 21 July 2026, with payment by 4 August.

Likely market impact

Public shareholders can tender shares between 8 and 21 July 2026 at Rs 10 per share. Takeover signals possible change in control.