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TMT (India) Limited
5 articles
A significant shift in ownership is underway at TMT (India) Limited, as Yoga Builders, Scaffold Properties, and MDK Properties have completed an open offer to acquire a 26% stake, alongside a previously announced share purchase agreement that brings their total holding to 68.21% and establishes them as the new promoters of the company. The open offer, executed at ₹10 per share, reflects a valuation deemed justified by the independent directors committee, and the acquisition signals a potential strategic overhaul for TMT India. Investors should monitor how the new promoters will reshape the company's operations and growth trajectory, particularly given the relatively low acquisition price, which may indicate opportunities or challenges ahead.
TMT India Board to Consider Fundraising Options
TMT (India) Limited's Board will meet on September 5, 2026 to approve fundraising via equity or convertible securities.
Fundraising may occur through multiple methods including QIP, preferential issue
Yoga Builders Acquires 15.4% Stake in TMT India
Yoga Builders Private Limited discloses acquisition of 7,62,990 shares (15.40%) in TMT (India) Limited through open offer tendering process.
Acquisition executed on July 27, 2026 at ₹10.00 per share f
TMT India Open Offer Completes 15.40% Acquisition
Navigant Corporate Advisors submits post-offer advertisement for TMT (India) Limited open offer completion to BSE.
Acquirers purchased 7,62,990 shares (15.40% stake) at ₹10 per share via open offer to
TMT India Open Offer for 26% at ₹10/share
Yoga Builders, Scaffold Properties, and MDK Properties launch open offer for 26% stake in TMT (India) Limited at ₹10 per share.
Offer price of ₹10 per share deemed justified by independent directors c
TMT India Open Offer Schedule Revised Corrigendum
Navigant Corporate Advisors issued a corrigendum to the detailed public statement for TMT (India) Limited's open offer.
The open offer by three acquirers seeks to acquire 26% of TMT India's equity sha