AVI Products India Open Offer
PPMS Real Estate LLP has become the new promoter of Avi Products India Ltd following a successful open offer. Erstwhile promoters no longer hold any shares.
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PPMS Real Estate LLP has become the new promoter of Avi Products India Ltd following a successful open offer. Erstwhile promoters no longer hold any shares.
AVI Products India Limited received IDC recommendations for a ₹2.84 Crore open offer by PPMS Real Estates LLP. The offer price is deemed fair and reasonable.
PPMS Real Estates LLP has launched a ₹2.84 Crore mandatory Open Offer to acquire up to 26% of AVI Products India Limited at ₹33.00 per share. The offer opens on May 13, 2026, and closes on May 26, 2026, following the acquirer's acquisition of a controlling stake via a Share Purchase Agreement.
PPMS Real Estates LLP triggered an Open Offer to acquire up to 26% of AVI Products India Ltd at ₹33 per share, totaling ₹2.84 Crore. The acquirer has already consummated share purchase agreements to acquire 34.72% of the voting capital. This mandatory takeover bid allows existing shareholders an exit option during the control shift.