Avishkar Infra Realty Ltd — Important, 01-01-1970: Company Update

An Open Offer is launched for Avishkar Infra Realty shares by Niraj Harsukhlal Sanghavi and associated persons (PAC) to acquire 58.25 lakh equity shares, representing 26% of expanded voting capital. The offer price is now ₹16.20 per share, a significant premium, with this revision stemming from a change in the payment schedule. The company's independent directors view this price as fair. The tender period runs from December 23, 2025, to January 06, 2026. The acquirer faces a ₹0.20 Cr penalty, and the target company has disclosed past compliance issues. Shares acquired are for investment purposes.