NSE · Corporate Action · Low
NSE enables web-based bidding for Niraj Cement takeover at Rs 29/share
NSE's web-based platform now supports the takeover offer for Niraj Cement Structurals, with bidding from July 31 to August 13, 2026.
What changed
- NSE operationalised its web-based bidding platform for the Niraj Cement Structurals takeover offer.
- Bidding runs July 31 to August 13, 2026, with custodial confirmations until 4 p.m. on closure day.
- No order modification or cancellation permitted once placed.
The read
This is a procedural enablement, not a new rule. NSE's web-based bidding platform now handles the takeover offer for Niraj Cement Structurals by acquirer Gulshankumar Vijaykumar Chopra at a fixed Rs. 29 per share. Existing IPO platform users can use current credentials; new members need admin terminal setup. The offer size is up to 1,55,20,529 shares. No order modification or cancellation is allowed – a standard constraint for such offers. For shareholders, the matter is simple: decide whether to tender before the August 13 close.
Niraj Cement Structurals LimitedGulshankumar Vijaykumar ChopraRs. 29 per share
Primary source: official circular (PDF)