Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement to the Equity Shareholders of TMT India Ltd ("Target Company").
M&A
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 28 Jul 2026, 04:08 PM IST · BSE ID: 87a14ee1-9fad-4038-b3f5-159f69061fd9
View Original BSE Filing (PDF)
💡
In Simple Terms
Acquirers completed an open offer for TMT India, accepting 15.40% equity at Rs. 10.00 per share, with payment made.
🤖 AI Summary
- Post Offer Advertisement issued by Acquirers for open offer to acquire 26.00% equity in TMT India Ltd.
- Offer closed on July 21, 2026, for 12,87,988 equity shares at Rs. 10.00 per share.
- A total of 7,62,990 equity shares were accepted, representing 15.40% of fully diluted equity.
- Aggregate value of shares accepted in the offer totaled Rs. 76,29,900.
- Payment of consideration to tendering shareholders was made on July 27, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Open Offer Price per Equity Share
Rs. 10.00 per Equity Share
Aggregate number of Shares tendered (proposed)
12,87,988
Aggregate number of Shares accepted (actual)
7,62,990
Size of the offer (actual)
Rs. 76,29,900
Shares Acquired by way of Open offer (% Fully Diluted Equity Share Capital)
15.40%
Post offer Shareholding of Acquirers (% Fully Diluted Equity Share Capital)
68.21%
Post Offer Shareholding of Public Shareholders (% Fully Diluted Equity Share Capital)
31.79%
🏢 How This Affects the Company
The Acquirers' post-offer shareholding of 68.21% establishes a new controlling interest, which alters the company's governance and strategic direction.
👥 What This Means For Shareholders
✅
Action Required
Shareholders who tendered their shares in the open offer have received payment of consideration on July 27, 2026.
👤
Who Is Affected
Public shareholders who tendered their shares were affected by the acceptance of 7,62,990 shares. The post-offer public shareholding (excluding selling shareholder) stands at 15,74,600 shares, or 31.79% of fully diluted equity.
🔍
Management Signal
The completion of the open offer confirms the transition of promoter status to Yoga Builders, Scaffold Properties, and MDK Properties, indicating a new controlling management.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Upcoming Board meetings for new strategic decisions and management appointments.
Next quarterly shareholding pattern to confirm promoter reclassification status.
Any further disclosures regarding TMT India's business strategy under new promoters.
MEDIUM RISK
Changes in promoter structure can lead to shifts in company strategy and operations, which introduce new business risks.
💡 Investor Takeaway
Acquirers, Yoga Builders, Scaffold Properties, and MDK Properties, completed their open offer for TMT India. They accepted 7,62,990 equity shares at Rs. 10.00 per share, totaling Rs. 76,29,900. This increased their total holding to 33,79,200 shares, representing 68.21% of fully diluted equity, with payment on July 27, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Acquirers Yoga Builders, Scaffold Properties, and MDK Properties now hold a significant 68.21% of TMT India's fully diluted equity share capital.
- The acquisition of 26,16,210 shares via Share Purchase Agreement (SPA) before the open offer provided a 52.81% stake to Acquirers.
⚠️ Concerns
- The open offer only resulted in the acceptance of 7,62,990 shares, representing 15.40% equity, lower than the proposed 12,87,988 shares (26.00%).
- The open offer achieved Rs. 76,29,900 in accepted shares, less than the proposed offer size of Rs. 1,28,79,880.
📅 Company Track Record
TMT India has been undergoing an acquisition process since April 2026, with prior filings detailing the Detailed Public Statement, Independent Directors' approval of the open offer price of Rs. 10.00 per share for 26.00% equity, and the offer opening on July 8, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was the final outcome of the open offer for TMT India Ltd?
The open offer for TMT India Ltd resulted in the acceptance of 7,62,990 equity shares, representing 15.40% of the fully diluted equity share capital.
What was the total value of the shares accepted in TMT India's open offer?
The aggregate value of shares accepted in the open offer was Rs. 76,29,900, based on an offer price of Rs. 10.00 per equity share.
What is the post-offer shareholding of the Acquirers in TMT India Ltd?
Following the open offer, the Acquirers (Yoga Builders, Scaffold Properties, and MDK Properties) now hold 33,79,200 shares, representing 68.21% of TMT India's fully diluted equity share capital.
When was the payment for TMT India's open offer consideration made?
The payment of consideration for the open offer shares of TMT India Ltd was made on July 27, 2026.
Questions based on this BSE filing only. For information purposes.