Acquirers Announce Open Offer for 26% Stake in TMT India Ltd.
Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited have announced an open offer for the acquisition of equity shares in TMT India Ltd. The acquisition aims to secure a stake representing 26.00% of the company’s fully paid-up equity and voting share capital.The collective group of acquirers—Yoga Builders Private Limited, Scaffold Properties Private Limited, and MK Profinlease Private Limited—will acquire up to 12,87,988 (Twelve Lacs Eighty-Seven Thousand Nine Hundred Eighty-Eight) fully paid-up equity shares of TMT India Ltd. The face value of each share is Rs. 10/-.
The offer specifies an Offer Price of Rs. 10/- per fully paid-up equity share. Should the offer be fully accepted, the total consideration payable by the acquirers will amount to Rs. 1,28,79,880 (One Crore Twenty-Eight Lacs Seventy-Nine Thousand Eight Hundred Eighty Only), which will be paid entirely in cash.
Underlying Transactions Triggering the Offer
The open offer obligation was triggered by the completion of two major agreements dated April 20, 2026, with current and former shareholders of TMT India Ltd.The transactions involved the purchase of shares from the following sellers:
- Agreement 1: Details the purchase of 24,51,000 equity shares, constituting 49.48% of the voting share capital, from Veera Prasad Tumbalamgooty, Naag Rohit, and T G Aruna. The consideration for these shares was set at Re. 1/per Equity Share.
- Agreement 2: Details the purchase of 1,65,210 equity shares, representing 3.34% of the voting share capital, from Ramana Murthy A.V. The consideration for these shares was also set at Re. 1/per Equity Share.
Collectively, these underlying transactions accounted for the sale of 26,16,210 shares, representing 52.81% of the target company's voting share capital.
Details of the Acquirers and Selling Shareholders
The following tables outline the details of the acquiring entities and the sellers whose shares prompted the open offer.Acquirers Details
| Acquirer Name | Address | Pre-Transaction Shares | Proposed Shares (Post-Acquisition) | % of Fully paid-up Equity Share Capital (Proposed) |
|---|---|---|---|---|
| Yoga Builders Private Limited | Shop No. 77, Shahid Smarak Complex, Near Lalganga Shopping Mall, G.E. Road, Raipur-492 001, Chhattisgarh | NIL | 11,87,010 | 23.96% |
| Scaffold Properties Private Limited | C/62, Vibgyor Tower, 5% Floor, Bandra Kurla Complex, Bandra East, Mumbai 400098. | NIL | 7,14,600 | 14.43% |
| MK Profinlease Private Limited | C/62, Vibgyor Tower, 5% Floor, Bandra Kurla Complex, Bandra East, Mumbai 400098. | NIL | 7,14,600 | 14.43% |
Selling Shareholders Details
| Seller Name | Status | Shares Sold (Number) | % of Voting Share Capital |
|---|---|---|---|
| Veera Prasad Tumbalamgooty (Seller-1) | Yes-Promoter | 3,21,800 | 6.50% |
| Naag Rohit (Seller-2) | Yes-Promoter Group | 7,00,000 | 14.13% |
| T G Aruna (Seller-3) | Yes-Promoter Group | 14,29,200 | 28.85% |
| Ramana Murthy A.V. (Seller-4) | No-Public | 1,65,210 | 3.34% |
| Total | Total | 26,16,210 | 52.81% |
TMT India Limited is registered at 1% Floor, Punnaiah Plaza, Road No.2, Banjara Hills, Hyderabad, Telangana-500 034. The company’s shares are listed on BSE Limited under the scrip code 522171. The acquirers are expected to become the Promoters of the Target Company through this offer.
Stock Price Movement
TMT India Ltd. shares settled on Monday at ₹7.31, showing a solid gain of 4.88% compared to the previous close. The stock was completely flat throughout the session, locked at this single ₹7.31 price point from the opening bell to the close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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