Avishkar Infra Realty Ltd
Nalin Shah and others announce an open offer for 26% of Avishkar Infra Realty at ₹23 per share
- Mergers & acquisitions
- Real Estate
Aftertrade Broking Private Limited, as manager to the open offer, has filed with the exchanges, on 14 Oct 2026, a public announcement made on behalf of Nalin Ramaniklal Shah, the acquirer, to the shareholders of Avishkar Infra Realty Limited. It is made under Regulations 3(1) and 4 of the SEBI takeover regulations.
The acquirer, together with ten persons acting in concert, including family members and Hindu undivided families, plans to acquire 58,24,853 equity shares, which is 26% of the total voting share capital of Avishkar Infra Realty, at ₹23 per share. At that price the offer is worth about ₹13.4 crore if fully accepted.
Inference
An open offer lets the existing shareholders sell to the acquirer at the stated price, in this case ₹23. Under the takeover regulations an acquirer who crosses the stated limits has to offer to buy shares from the public, and the size of this offer is 26%.
The filing does not give the acquirer’s current shareholding, the funding for the offer or its timeline, which are in the public announcement attached to it.
Reference: Original filing (PDF)
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