Scaffold Properties acquires 14.43% stake in TMT India via open offer
What's the deal? Scaffold Properties Private LimitedDealroom has a profile for this one. Try Dealroom → acquired 14.43% of TMT India LimitedDealroom has a profile for this one. Try Dealroom →'s voting capital on 17 August 2026, purchasing 714,600 equity shares from promoter T G Aruna. The transaction is part of a broader open offer.
Why now? The purchase was made under the Securities and Exchange Board of India's Substantial Acquisition of Shares and Takeovers Regulations, alongside Yoga Builders Private Limited and MK Profinlease Private Limited. Scaffold Properties previously held no stake in the listed company.
What changes? Scaffold Properties now holds 714,600 shares, representing 14.43% of TMT India's voting share capital. The company's total equity capital remains unchanged at ₹4,95,38,000, comprising 4,953,800 shares with a face value of ₹10 each.
The fine print: The disclosure states that the transferred shares and the seller's remaining holding carry no pledge, lien or non-disposal undertaking. No revenue or profit figures were disclosed.
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Image credit: Dean Hochman
