22-Aug-2026      12:27

Radha Krishna Avudari, Sudha Rani Avudari, and Nagabhyru Srikanth trigger open offer for AAR Shyam India Investment Company Limited

Radha Krishna Avudari, Sudha Rani Avudari, and Nagabhyru Srikanth have triggered a mandatory open offer to shareholders of AAR Shyam India Investment Company Limited following a preferential allotment of 1,40,56,300 shares, representing 62.54% of the company’s equity, and a share purchase agreement involving 12,16,068 shares. The transactions, valued at Rs 13.60 per share, are being conducted to comply with SEBI’s Substantial Acquisition of Shares and Takeovers Regulations. Post-offer, the acquirers are expected to hold a combined 69.82% stake in the BSE-listed company, with Radha Krishna Avudari holding 53.22%, Sudha Rani Avudari 13.37%, and Nagabhyru Srikanth 3.24%. A detailed public statement will be published on or before August 31, 2026.

News source: Capital Market - Live News