19-Oct-2026 15:04:07
RRMETALAcquisition and merger
RRMETAL : OPEN OFFER FOR 26% STAKE WORTH OVER RS 1 CR
• Acquirers RB International Holdings, Suyog Yogesh Desai and Nikita Suyog Desai to buy up to 23,42,295 shares (26%) at ₹36.83 each • Offer size at full acceptance ~₹8.63 Cr in cash, against an escrow deposit of ₹2.21 Cr • Offer price includes ₹12.98 per share compensatory interest after SEBI direction; price revised up from ₹23.85 • Underlying SPA: 63,65,924 shares (70.66%) from promoters Virat Shah and Alok Shah at ₹23.85, aggregating ~₹15.18 Cr • Tendering period runs October 26 to November 6, 2026; stock is under ESM stage 0 • Post-offer acquirer holding 87,08,219 shares (96.66%); listing to be retained with public float down to 3.34%
RR MetalMakers India Ltd
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