Open offer at Rs. 15.00 per share for up to 58,43,327 shares, 26% of emerging paid-up capital
Open offer to public shareholders of Aar Shyam India Investment Company Ltd: up to 58,43,327 shares (26% of emerging paid-up capital) at Rs. 15.00 per share in cash.
By ScoutQuest · · 2 min read
- Offer Price
- Rs. 15.00 per share in cash
- Offer Size
- up to 58,43,327 shares (26% of emerging paid-up capital)
- Tendering Period
- opens Oct 19, 2026 and closes Nov 2, 2026
What the offer is
An open offer has been made to the public shareholders of Aar Shyam India Investment Company Ltd by three acquirers, Mr. Radha Krishna Avudari, Mrs. Sudha Rani Avudari and Mr. Nagabhyru Srikanth. Under the offer, the acquirers propose to acquire up to 58,43,327 fully paid equity shares, representing 26% of the emerging paid-up equity share capital of the target company, at Rs. 15.00 per equity share, payable in cash. The offer follows an agreement for acquisition of shares (SPA) with the outgoing promoters, Guruomega Private Limited and Man Mohan Katial.
Money involved
- Maximum consideration payable, assuming full acceptance of the offer, is Rs. 8,76,49,905.
- An escrow account holds Rs. 2,20,00,000, being an amount more than 25% of that maximum consideration.
- The negotiated price is Rs. 13.60 per equity share.
- The offer is not conditional on any minimum level of acceptance.
Why the share count looks different
The offer size is measured against the emerging paid-up equity share capital of 2,24,74,333 shares, which is the capital after the proposed preferential allotment to the acquirers and other public category investors on a preferential basis. The offer is not a competing offer, and there has been no competing offer as on the date of the Letter of Offer.
Timeline to note
- Identified date: Monday, October 05, 2026
- Tendering period opens: Monday, October 19, 2026
- Tendering period closes: Monday, November 02, 2026
- Payment of consideration to be completed by: Tuesday, November 17, 2026
- The offer price or the number of shares sought can be revised upward until Monday, October 19, 2026.
What shareholders should keep in mind
- Once shares are tendered, they are held in a pool account and cannot be traded or withdrawn, even if acceptance of the shares or payment of consideration is delayed.
- Equity shares held by persons other than the promoters that are under lock-in are not eligible to be tendered in the open offer.
- Non-resident holders (NRIs, OCBs, FIIs, FPIs) must submit the approvals required to tender, including approval from the RBI, along with the Form of Acceptance.
- The acquirers shall not withdraw the open offer even if the acquisition through the proposed preferential issue is not successful.
- The offer is subject to completion risks applicable to similar transactions, and public shareholders are advised to consult their own advisers.
Also from Aar Shyam India Investment Company
Board approves allotment of ~1.94 crore shares at Rs. 15 each for share swap and cash
23 Oct 2026
Registrar of Companies approves change of company name to Avudari Engineering Limited
23 Oct 2026
Open offer for acquisition of up to 58,43,327 equity shares, 26% of emerging paid-up capital
15 Oct 2026
More numbers
- Offer size (equity shares sought)58,43,327
- Offer size as share of emerging paid-up capital26%
- Offer price per equity shareRs. 15.00/-
- Maximum consideration assuming full acceptanceRs. 8,76,49,905/-
- Escrow amountRs. 2,20,00,000/-
- Escrow amount as share of maximum consideration25%
- Negotiated price per equity shareRs. 13.60 /-
- Emerging paid-up equity share capital2,24,74,333
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.