Open offer begins for Mro-Tek shareholders

The open offer from Aniruddha Mehta, Gauri A Mehta and Umiya Holding Pvt Ltd to the shareholders of Mro-Tek will open on Friday. They plan to acquire up to 48.58 lakh shares of Mro-Tek Realty (formerly Mro-Tek) at ₹42 a share. The acquirers had earlier entered into a share purchase agreement with Mro-Tek’s promoters to buy 74.10 lakh shares (39.66 per cent of the total paid-up capital) at ₹40/share, triggering the mandatory open offer.