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Jai Mata Glass Limited
5 articles
A significant ownership shift is underway at Jai Mata Glass Limited, as Ashwani Gulati, Kiran Gulati, and Veerasha Trust are launching a mandatory open offer to acquire a 26% stake at ₹1.85 per share, following the purchase of a 44.57% controlling stake. This move, valued at approximately ₹4.81 crore, will ultimately give the acquirers a 70.57% controlling interest in the company. The acquirers have pledged to revitalize Jai Mata Glass’s operations, demonstrating a commitment to the company’s future, though risks remain regarding regulatory approvals and potential over-tendering. Investors should monitor the outcome of the open offer and the acquirers' plans for operational improvements.
Jai Mata Glass Board Meeting Scheduled September 1
Jai Mata Glass Limited schedules board meeting on September 1, 2026, to approve AGM materials and corporate governance items.
Agenda includes approval of 46th AGM notice, directors' report, and appoin
Jai Mata Glass Open Offer for 26% at ₹1.85/Share
Open offer by Ashwani Gulati, Kiran Gulati, and Veerasha Trust to acquire up to 2.6 crore shares (26%) of Jai Mata Glass Ltd at ₹1.85 per share.
Independent Directors Committee recommends the offer pr
Jai Mata Glass Mandatory Open Offer at ₹1.85
Ashwani Gulati, Kiran Gulati, and Veerasha Trust launch a mandatory open offer for 26% of Jai Mata Glass Limited shares at ₹1.85 per share, triggered by a separate 44.57% stake purchase.
The offer, va
Jai Mata Glass Mandatory Open Offer for 26% Stake
Acquirers Ashwani Gulati, Kiran Gulati, and Veerasha Trust launch a mandatory open offer for 26% of Jai Mata Glass Ltd. at ₹1.85 per share.
The offer is triggered by a separate Share Purchase Agreemen
Jai Mata Glass Open Offer for 26% at ₹1.85
• Mandatory open offer for 2.6 crore shares (26% stake) in Jai Mata Glass Ltd triggered by a promoter share purchase agreement.
• Acquirers Ashwani Gulati, Kiran Gulati, and Veerasha Trust will pay ₹1