Open offer for acquisition of up to 58,43,327 equity shares, 26% of emerging paid-up capital
Open offer for Aar Shyam India Investment Company Ltd.
By ScoutQuest · · 2 min read
- Shares to be acquired
- up to 58,43,327 fully paid-up equity shares
- Offer size (% of capital)
- 26% of the emerging paid-up equity share capital
- Face value per share
- Rs. 10/- each
An open offer is the exit window that takeover rules give public shareholders when a buyer group takes, or proposes to take, a large stake in a listed company. Here, three individuals are making the offer to the public shareholders of Aar Shyam India Investment Company Ltd.
What was shared
- Turnaround Corporate Advisors Pvt Ltd, acting as the Manager to the Offer, submitted to BSE a copy of the Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement and Corrigendum to the Draft Letter of Offer, together called the Pre-Offer Advertisement cum Corrigendum, dated October 14, 2026.
- This advertisement was published on October 15, 2026 in all editions of Financial Express (English), all editions of Jansatta (Hindi) and the Mumbai edition of Pratahkal (Marathi).
What the offer covers
- Up to 58,43,327 fully paid-up equity shares are to be acquired from the public shareholders.
- Each share has a face value of Rs. 10/-.
- This works out to 26% of the emerging paid-up equity share capital of the target company.
- The shares are being acquired by Mr. Radha Krishna Avudari, Mrs. Sudha Rani Avudari and Mr. Nagabhyru Srikanth, referred to together as the Acquirers.
Why a corrigendum matters
- A corrigendum is issued to correct or update an earlier document. The advertisement states that it is a corrigendum to the Detailed Public Statement and to the Draft Letter of Offer, so the revised version carries the corrected details for shareholders.
What a public shareholder would look at
- The full Pre-Offer Advertisement cum Corrigendum, which sets out the terms on which shares can be offered in the open offer and the schedule of activities.
- The number of shares a shareholder holds, since the offer is made for up to 58,43,327 shares in total.
- The fact that the acquirers are named individuals acting together, which tells a reader who is seeking to buy the stake.
How to read this news
- Updates of this kind are routine steps in the open offer process: the intermediary places the advertisement in newspapers and files a copy with the stock exchange.
- For a public shareholder, the practical takeaway is that a formal offer to buy shares is in progress and the advertisement carries the details needed to decide whether to participate.
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
IDC calls Rs. 15 per share open offer for 26% stake fair and reasonable
14 Oct 2026
More numbers
- Equity shares to be acquired in the open offer58,43,327
- Offer size as % of emerging paid-up equity share capital26%
- Face value per equity shareRs. 10/- each
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