Yoga Builders, Scaffold Properties, and MK Profinlease launch mandatory open offer for 26% of TMT India shares at ₹10 per share.
Offer triggered by share purchase agreements to acquire 52.81% controlling stake from existing promoters at Re 1 per share.
Open offer period runs from June 12 to June 25, 2026, with total consideration of ₹1.29 crore for maximum acceptance.
Acquirers seek to gain control of listed entity for business expansion while maintaining minimum public shareholding requirements.