Avudari group makes US$1.19M open offer to take control of Aar Shyam
What's the deal? Radha Krishna Avudari and associates have launched a mandatory open offer to buy up to 58,43,327 shares of Aar Shyam India Investment Company Limited — 26% of its emerging paid-up equity capital. The offer is priced at US$0.2 per share, with a maximum cash consideration of US$1.19M.
Who are the acquirers? The named group includes Radha Krishna Avudari, Sudha Rani Avudari, and Nagabhyru Srikanth. Their obligation to make the offer was triggered under Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Why now? The offer follows a board meeting on August 21, 2026, which approved two linked transactions: a preferential allotment of 1,40,56,300 shares to the acquirers, and a share purchase agreement with outgoing promoters.
What's the endgame? The preferential allotment ties to Aar Shyam acquiring 29,00,000 shares of SVR Electro Projects Private LimitedDealroom has a profile for this one. Try Dealroom →, promoted by the acquirers, referenced at US$0.2 per share. The board approved buying 100% of SVR through a share swap and a cash-backed preferential allotment.
By the numbers. After both transactions, the acquirers' proposed shareholding rises to 69.82% of the emerging paid-up equity capital — the shift that triggers the mandatory open offer. Radha Krishna Avudari had already picked up a 14% stake, 4,20,129 shares, in an off-market deal on June 1, 2026.
What could go wrong? The disclosure gives no operating or financial details on SVR, leaving investors to watch execution milestones and regulatory steps. Aar Shyam (NSE: AARSHYAM) trades at US$0.19, near the top of its US$0.16–US$0.19 52-week range, on a market capitalisation of just US$543.2K.
The signal: This is a small-cap reverse-style entry, where an incoming group folds in its own asset and takes majority control of a listed shell. Turnaround Corporate Advisors Private LimitedDealroom has a profile for this one. Try Dealroom → is managing the offer.
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