PPMS Real Estates LLP makes a mandatory open offer to acquire 8,59,769 shares (26.00%) of AVI Products India Ltd at ₹33.00 per share, triggered by earlier acquisitions.
The offer is unconditional, opens on May 13, 2026, closes on May 26, 2026, and has a total consideration of ₹2.83 crore for the tendered shares.
The acquirer has already acquired a 62.68% stake in AVI through separate agreements with promoter and non-promoter sellers, seeking full control of the dental products company.
Financial arrangements are firm with ₹2.83 crore escrowed; post-offer public shareholding may fall below 25%, requiring future compliance action.