With reference to the Public Announcement dated September 04, 2025, Detailed Public Statement on September 12, 2025 and Draft Letter of Offfer dated September 19, 2025, Kunvarji Finstock ....
Awaiting price reaction for this filing.
Avishkar Infra Realty Ltd is the target of an open offer by Mr. Niraj Harsukhlal Sanghavi (Acquirer) along with three Persons Acting in Concert (PACs). The offer is for 53 equity shares at ₹16.00 per share, representing 26% of the expanded voting capital of the company. The identified date for determining eligible shareholders to receive the Letter of Offer has been fixed as Tuesday, December 09, 2025. The filing is made by Kunvarji Finstock Pvt Ltd, the Manager to the Open Offer, in compliance with SEBI Takeover Regulations, 2011. Earlier milestones include the Public Announcement on September 4, 2025, Detailed Public Statement on September 12, 2025, and Draft Letter of Offer on September 19, 2025.
Existing public shareholders of Avishkar Infra Realty should watch for the Letter of Offer being dispatched, as they will have the option to tender their shares at the offer price of ₹16.00. This development signals ongoing acquisition activity but does not itself change the share price or capital structure.