Open Offer at Rs 1.53 per share triggered for ACI Infocom

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.7%Reaction day

₹1.71

prior close

₹1.79

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+4.9% vs market

Computers Hardware & Equipments peers, median of 17sector-0.1%+4.8% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 4.8 pts more than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.7-0.2+4.9-0.1+4.8

Next day

+9.4+0.2+9.2-0.7+10.0

+14.6+0.4+14.3+1.1+13.5

+19.9+0.4+19.5-0.1+20.0

+14.0+0.6+13.5-0.3+14.3

+19.3+0.9+18.4-0.8+20.1

+31.0+0.9+30.1-1.8+32.8

15d

+62.0+0.9+61.1-1.2+63.2

+36.3+2.3+33.9-4.1+40.3

+40.9-1.1+42.0-6.3+47.3

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UpDownMarket · Nifty Microcap 250Sector · Computers Hardware & Equipments peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sanjay Mandavia and Rupal Mandavia are making a mandatory open offer for up to 3.70 crore shares (26 percent of voting capital) of ACI Infocom at Rs 1.53 per share, totaling about Rs 5.67 crore. The offer is triggered by a board-approved preferential allotment of 3.20 crore shares to them, after which they will hold 25.05 percent and gain control of the company. No delisting is planned.

Likely market impact

Control change incoming. Offer price of Rs 1.53 is low; existing public shareholders should evaluate whether to tender or hold.