TMT India Ltd — Important, 01-01-1970: Company Update

TMT (India) Limited shareholders are subject to an open offer from Yoga Builders, Scaffold Properties, and MDK Properties to acquire up to 12.88 lakh equity shares, representing 26% of the company's capital. The offer price is Rs. 10 per share, valuing the acquisition at approximately Rs. 1.29 Cr. The Committee of Independent Directors has assessed the offer price and found it justified under takeover regulations. There has been no competing bid. The Letter of Offer has been dispatched, and the offer is opening soon, allowing shareholders to tender their shares.