Announced Tue, 13 Oct, 2026 · 18:16 IST
Acquirers sign SPA for 56% stake; Open Offer at Rs 10.20 per share
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Acquirers Prafful Agarwal and Anupam Gupta signed an SPA with promoter sellers to buy 93,98,455 shares (56.07%) of Frontier Capital at Rs 10 per share. This triggers a mandatory Open Offer for 43,58,163 shares (26%) at Rs 10.20 per share. Post-deal, Acquirers become new Promoters with control; existing Promoters shift to public. The company is not a party to the SPA.
Likely market impact
Public shareholders can tender at Rs 10.20 in the Open Offer or hold under new management as control changes hands.