Acquirers Launch Open Offer for RR Metalmakers India Ltd Shares
A collective of three entities—RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai—has initiated an Open Offer to acquire equity shares from the public shareholders of RR Metalmakers India Limited. The offer relates to the acquisition of a portion of the company's stake following a significant underlying transaction.The Open Offer is being conducted by the Acquirers for up to 2,342,295 fully paid-up equity shares of RR Metalmakers India Limited. Each offer share has been priced at ₹ 23.85. If the entire open offer size is accepted, the total consideration payable by the Acquirers would amount to ₹ 5,58,63,735.75. The Offer Price is payable in cash.
The acquisition was triggered following a direct share purchase agreement (SPA) executed on July 30, 2026. Under this SPA, the Acquirers acquired 6,365,924 shares, representing 70.66% of the total equity capital at that time. The consideration paid for these shares amounted to ₹ 15,18,27,287.40.
Stakeholding and Transaction Details
The Acquirers hold a collective stake in RR Metalmakers India Limited, with the proposed holdings detailed below after the open offer is completed, assuming full acceptance of the offered shares.| Metric | Total Shares Offered (Max) | Percentage of Capital (Offer Size) | Offer Price | Total Consideration (If fully accepted) |
|---|---|---|---|---|
| Open Offer | 2,342,295 | 26.00% | ₹ 23.85 | ₹ 5,58,63,735.75 |
The underlying transaction details show the shares acquired in the SPA:
| Transaction Detail | Shares Acquired | % of Equity Capital | Total Consideration (INR) |
|---|---|---|---|
| Direct Acquisition | 63,65,924 | 70.66% | ₹ 15,18,27,287.40 |
Acquirers and Target Company Overview
The three Acquirers—RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai—will collectively hold a significant stake in the company upon completion of both the SPA and the Open Offer. After accounting for all acquisitions, their proposed shareholding is 87,08,219 equity shares, which amounts to 96.66% of the total equity share capital.The selling shareholders, who are part of the Promoter Group, included Virat Sevantilal Shah and Alok Virat Shah, collectively holding 63,65,924 shares, or 70.66% pre-transaction. Post-transaction, these sellers will hold no shares.
Key details regarding the Target Company are as follows:
| Detail | Information |
|---|---|
| Company Name | RR Metalmakers India Limited |
| Listed On | BSE Limited (Scrip code: 531667) |
| Registered Office | B-001 & B-002, Ground Floor, Antop Hill Warehousing, Complex Ltd, Barkat Ali Naka, Salt Pan Road, Wadala (E), Mumbai-400037, Maharashtra, India. |
The Acquirers have confirmed that the Offer is not conditional upon any minimum level of acceptance and have made firm financial arrangements to finance the acquisition of the shares. The Acquirers also intend to retain the company's listing status.
Stock Price Movement
Shares of RR MetalMakers India Ltd settled at ₹67.23 on Thursday, finishing up 5.00% higher from the previous close. The stock was completely flat throughout the trading session, with the intraday high and low both registering identically at ₹67.23.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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