Tarun Chaturvedi has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 70,00,000�Equity shares of face value of INR 1/- each of Twamev Construction and Infrastructure Limited.�Date and time of the opening of the offer for Non-Retail Investors:�May 21, 2025�at 9:15 a.m.;�Date and time of the closing of the offer for Non-Retail Investors:�May 21, 2025�at 3:30 p.m.;�Date and time of the opening of the offer for Retail Investors:�May 22, 2025�at 9:15 a.m.;�Date and time of the closing of the offer for Retail Investors:�May 22, 2025�at 3:30 p.m.�The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 26/- (Rupees Twenty Six Only)
TICL · price
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Awaiting price reaction for this filing.
Tarun Chaturvedi, a promoter/promoter group member of Twamev Construction and Infrastructure Limited, has announced an Offer for Sale (OFS) of up to 70 lakh equity shares (face value INR 1 each) through the stock exchange mechanism. The floor price for the offer has been fixed at INR 26 per share. The bidding window for Non-Retail Investors opens on May 21, 2025 from 9:15 AM to 3:30 PM, followed by the Retail Investors window on May 22, 2025 during the same hours. Each trading day of the sale will operate in a separate window of the stock exchange.
This promoter-led share sale will increase the floating supply of the stock, which could create short-term selling pressure and price volatility. Existing shareholders should watch for potential price impact around May 21-22, 2025, and consider whether the INR 26 floor price offers value compared to prevailing market rates.