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The open offer closed with only 21,350 shares tendered and accepted at ₹29 each, versus the 1,55,20,529-share offer size; payment of ₹6.19 lakh was completed on 19 August. The acquirer now holds 49.82%, while the promoter group holds 65.97%. Context: control transition completes with minimal public-share tendering.
Niraj Cement Secures ₹256.89 Crore Bihar Water Resources Contract
Niraj Cement Gets ₹45 Crore Open Offer at ₹29 Per Share