IISL : MANDATORY OPEN OFFER WORTH RS 1 CR AT RS 14/SHARE

• Acquirers and PACs to buy up to 63,48,500 shares, or 10.30% of expanded voting capital, at ₹14/share • Maximum offer consideration is ₹8,88,79,000 (~₹8.89 Cr); offer opens Nov 2, 2026 and closes Nov 16, 2026 • Offer triggered by proposed preferential issue of 5,51,78,892 shares at ₹14 via share swap for 98.72% of BEPL and 90.17% of BCEPL • Acquirers/PACs will hold 59.51% post preferential issue; 69.80% after full acceptances in the open offer • Acquirers and PACs currently hold nil shares in the target; offer is not conditional on minimum acceptance

Ishaan Infrastructures and Shelters Ltd

Open attachment

← Back to feed