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TMT (India) Limited is undergoing a mandatory open offer by Yoga Builders, Scaffold Properties, and MDK Properties to acquire up to 12.88 lakh equity shares, representing 26% of the company, at Rs. 10 per share. This offer, totaling approximately Rs. 1.29 Cr, was triggered by the acquirers' previous acquisition of 52.81% of TIL’s shares. The acquirers aim for management control to grow and potentially diversify the business, leveraging the listed platform. They will become promoters and ensure minimum public shareholding. The independent directors will provide their assessment of the offer.