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Yoga Builders, Scaffold Properties, and MK Profinlease have launched an open offer to acquire up to 26% of TMT (India) Limited's shares at Rs. 10 each. This follows their prior agreement to purchase 52.81% of TIL from existing sellers at Re. 1 per share, signaling their intent to take management control. If fully accepted, the acquirers will hold 78.81% of TIL. They aim to continue or diversify TIL's business, leveraging its listed platform. The acquirers demonstrate strong financial backing, with net worths of Rs. 220.01 Cr, Rs. 124.79 Cr, and Rs. 138.81 Cr, comfortably covering the Rs. 1.28 Cr offer consideration. This move suggests a significant shift in TIL's strategic direction.