Independent directors' committee views Rs. 14/- per share open offer as fair and reasonable
Independent directors' committee of Ishaan Infrastructures and Shelters has reviewed the open offer for 64,30,000 shares, 26.20% of expanded voting capital, at Rs. 14/- per share.
By ScoutQuest · · 1 min read
- Offer Size
- 64,30,000 fully paid-up equity shares
- % of Expanded Voting Capital
- 26.20% of the Total Expanded Voting Equity Share Capital
- Offer Price
- Rs. 14/- per equity share, payable in cash
The Committee of Independent Directors (IDC) of Ishaan Infrastructures and Shelters Limited has given its recommendation on the open offer to its public shareholders. The offer is made by Manan Pure Light Private Limited and other acquirers and persons acting in concert (PACs). Novus Capital Advisors Private Limited is the Manager to the Offer. The recommendation was published in newspapers on October 28, 2026.
Offer terms
- The offer is for 64,30,000 fully paid-up equity shares of face value Rs. 10/- each.
- This is 26.20% of the Total Expanded Voting Equity Share Capital of the target company.
- The offer price is Rs. 14/- per equity share, payable in cash.
- The acquirers named include Manan Pure Light Private Limited, Rahul Prakash Bohra, Vasishtha Bohra and Priyank Bohra. The PACs named include Yashita Bohra, Sheetal Bohra, Manish Bohra, Bansilal Bohra, Mayank Bohra, Ankita Bohra, Rishabh Bohra and Payal Bohra.
IDC view
- The IDC is of the view that the offer is fair and reasonable.
- It has asked shareholders to independently evaluate the offer and take their own decision.
- The IDC members are independent directors on the board of the target company. They do not hold equity shares in the target company, and none of them is related to the acquirers or PACs, as stated in the disclosure.
Also from Ishaan Infrastructures and Shelters
SDD compliance certificates shared for FY 2025-26 and Apr-Sep 2026; 30 and 20 UPSI events captured
3 Nov 2026
Pre-offer advertisement for open offer at Rs. 14 per equity share published
29 Oct 2026
Letter of Offer shared for open offer of up to 63,48,500 shares at ₹14 apiece
26 Oct 2026
More numbers
- Offer size — equity shares64,30,000
- Offer size — % of expanded voting capital26.20%
- Face value per equity shareRs. 10/- each
- Offer price per equity shareRs. 14/-
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