Open Offer Announced for Accord Synergy Limited: Acquirer Seeks Shares at ₹42.35
A proposed open offer has been announced for Accord Synergy Limited, through Dr. Farukbhai Gulambhai Patel and Mr. Muinulhaque Iqbalhusen Kadva, who are acting in concert. The offer targets a portion of the company’s equity shares from public shareholders.The transaction involves an acquisition of up to 9,72,500 fully paid-up equity shares of Accord Synergy Limited. These shares represent 25.12% of the emerging voting equity share capital of the target company. The face value of each offer share is ₹ 10, and the fixed price offered by the Acquirer for these shares stands at ₹ 42.35 per equity share.
The proposed open offer was preceded by several public announcements regarding the transaction. A Public Announcement dated May 06, 2026, followed by a Detailed Public Statement published in the newspaper on May 13, 2026, and a Draft Letter of Offer dated May 20, 2026.
The identified date for determining the names of the shareholders to whom the Letter of Offer will be sent has been fixed as June 10, 2026.
Key details regarding the open offer are summarized below:
| Detail | Description |
|---|---|
| Target Company | Accord Synergy Limited |
| Acquirer(s) and Person Acting in Concert | Dr. Farukbhai Gulambhai Patel and Mr. Muinulhaque Iqbalhusen Kadva |
| Number of Offer Shares | Up to 9,72,500 |
| Face Value per Share | ₹ 10/- |
| Offer Price | ₹ 42.35 per share |
| Stake Representation | 25.12% of the Emerging Voting Equity Share Capital |
| Identified Date for Letter of Offer | June 10, 2026 |
ACCORD Stock Price Movement
Shares of Accord Synergy Limited soared today, settling at ₹74.40 after rallying 4.94% from the previous close. This strong performance propelled the stock to its 52-week high as it closed with a traded volume of 4,000 shares.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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