BSE opens takeover window for Niraj Cement at ₹29/share for 26% stake
Mr. Gulshankumar Vijaykumar Chopra offers to buy up to 26% of Niraj Cement Structurals at ₹29 per share cash, with the tender window open from July 31 to August 13, 2026.
What changed
- BSE announced a takeover open offer for Niraj Cement Structurals by Mr. Gulshankumar Vijaykumar Chopra.
- The acquirer seeks up to 1,55,20,529 shares (26% stake) at ₹29 per share in cash.
- Offer window opens July 31 and closes August 13, 2026.
The read
BSE has opened the tender-offer window for Mr. Gulshankumar Vijaykumar Chopra's takeover bid for Niraj Cement Structurals, where the acquirer offers ₹29 per share in cash for up to 26% of the company's equity—1,55,20,529 shares. The open offer runs from July 31 to August 13, 2026. For shareholders, it's a fixed-price cash exit; they must evaluate whether the price is attractive relative to the market. The notice carries no recommendation. Investors should read the attached Letter of Offer carefully. For the broader market, this is a routine corporate action under the SEBI takeover code, processed through BSE's standard Acquisition Window. Trading members must follow the revised guidelines for tender offers.
Primary source: official circular (PDF)