Offer Details
The mandatory open offer was made to acquire up to 63,04,825 equity shares representing 26.00% of the paid-up equity share capital of Shankara Building Products Limited at a price of ₹150 per equity share.
Timeline
- Date of Opening of the Offer: September 7, 2026 (Monday)
- Date of Closure of the Offer: September 21, 2026 (Monday)
- Date of Payment of Consideration: October 5, 2026 (Monday)
Acquisition Results
- Offer Price: ₹150 per equity share (as proposed and actual)
- Aggregate shares tendered: 76,31,407 equity shares
- Aggregate shares accepted: 63,04,825 equity shares
- Size of the Offer: ₹94,57,23,750 (as proposed and actual)
Shareholding Changes
- Pre-offer shareholding of Acquirer + PACs: 1,20,08,649 equity shares (49.52%)
- Shares acquired by way of agreements/allotment: Nil
- Shares acquired by open offer: 63,04,825 equity shares (26.00%)
- Post-offer shareholding of Acquirer + PACs: 1,83,13,474 equity shares (75.52%)
Public Shareholding Impact
- Pre-offer public shareholding: 1,22,40,677 shares (50.48%)
- Post-offer public shareholding: 59,35,852 shares (24.48%)
Additional Information
All percentages are based on the paid-up equity share capital of the Target Company. The Acquirer and PACs accept full responsibility for the information contained in this advertisement and their obligations under SEBI (SAST) Regulations, 2011.
This advertisement is available on SEBI website (www.sebi.gov.in), NSE website (www.nseindia.com), BSE website (www.bseindia.com), website of Manager to the Offer (www.corporateprofessionals.com), and at the registered office of the Target Company at G-2 Farah Winsford, No.133, Infantry Road, Bangalore, Karnataka, India, 560001.