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Acquirers Vinoth Kumar Mohanadas and Suseela Kumarappan have launched an open offer to acquire 31.90% of Dugar Housing Developments Limited at ₹12 per share, payable in cash. This is part of a plan to gain management control and pivot the currently non-operational company into technology-enabled services like artificial intelligence, machine learning, and cloud computing. The offer, which seeks 30.94 lakh shares, will open and close in October. The company's independent directors are expected to provide their assessment of the offer to public shareholders prior to the offer opening. The Acquirers intend to ensure compliance with minimum public shareholding requirements.