Acquirers Launch Open Offer for TMT India Ltd Shares at Rs 10 Per Equity Share

Acquirers Launch Open Offer for TMT India Ltd Shares at Rs 10 Per Equity Share​

A combined offer by three companies has been launched for the acquisition of shares in TMT India Limited (TIL). The open offer is being conducted by Navigant Corporate Advisors Limited on behalf of the Acquirers: Yoga Builders Private Limited, Scaffold Properties Private Limited, and MDK Properties and Estates Private Limited.

The transaction targets up to 1,287,988 equity shares of TMT India Ltd., representing 26.00% of the fully paid-up and voting share capital of the company. The offer details state that the Offer Price for the shares is Rs 10/- (Rupees Ten Only) per fully paid-up equity share, payable in cash.

The Committee of Independent Directors (IDC) of TMT India Limited has reviewed the proposal and issued an opinion stating that the Offer Price of Rs 10/- offered by the Acquirers is justified under the relevant regulations. The recommendation from the IDC was published on July 06, 2026.

The offer received no competitive bids. The Letter of Offer (LOF) to all public shareholders was completed on June 30, 2026.

Key activities and milestones related to the open offer are detailed below:


Eligible persons can participate in the Open Offer by approaching their respective Broker or Selling Broker to tender their shares, as per the established procedure.

Stock Price Movement​

TMT India Ltd shares settled flat at ₹7.67 in the market closing on Monday, recording zero percentage change. This result comes after the stock spent the entire day locked between the high and low prices, both of which registered at ₹7.67.