Key Quantitative Figures
- Offer Price: ₹33.00 per equity share
- Shares Offered: Up to 8,59,769 equity shares (26.00% of voting share capital)
- Shares Tendered: 5,714 equity shares
- Shares Accepted: 5,014 equity shares (after technical rejections)
- Offer Size: ₹1,65,462 (excluding brokerage and other charges)
Dates of Action
- Detailed Public Statement Date: Monday, February 23, 2026
- Offer Opening Date: Wednesday, May 13, 2026
- Offer Closing Date: Tuesday, May 26, 2026
- Payment Completion Date: Friday, June 05, 2026
- Advertisement Date: June 10, 2026
Parties Involved
- Target Company: AVI Products India Limited (CIN: L24200MH1989PLC050913)
- Acquirer: PPMS Real Estates LLP
- Manager to Offer: Mark Corporate Advisors Private Limited (SEBI Regn No.: INM000012128)
- Registrar to Offer: MUFG Intime India Private Limited
- Stock Exchange: BSE Limited
Acquisition Details
Pre-Offer Shareholding (Acquirer):
- Number of Shares: 8,19,868
- Percentage: 24.79% of voting share capital
Acquisition Breakdown:
- Via Share Purchase Agreement: 7,83,091 shares (23.68%)
- Via Share Sale/Purchase Confirmation: 4,69,710 shares (14.20%)
- Via Open Offer: 5,014 shares (0.15%)
Post-Offer Shareholding:
- Acquirer Shareholding: 20,77,683 shares (62.83% of voting share capital)
- Public Shareholding: 12,29,119 shares (37.17% of voting share capital)
Publication Details
The post-offer advertisement was published in the following newspapers:
- Business Standard (English - All Editions)
- Business Standard (Hindi)
- Navshakti (Marathi - Mumbai Edition)
Financial Impact
The total consideration paid for accepted shares in the open offer amounted to ₹1,65,462 (excluding brokerage and other charges).
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