Open Offer by Mandavias to buy 26% stake in ACI Infocom at Rs 1.53 per share

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

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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

Credora Partners filed Public Announcement on behalf of Sanjay Mandavia and Rupal Mandavia for an Open Offer to acquire up to 3,70,47,634 shares (26% of emerging voting capital) of ACI Infocom at Rs 1.53 per share, totaling about Rs 5.67 crores. Triggered by preferential allotment of 3.2 crore equity shares to the acquirers, leading to change of control. The Mandavias will become new promoters, replacing Pujya Guruwar Textile India. Acquirer-1 is already a Whole Time Director. No delisting planned.

Likely market impact

Public shareholders can tender shares at Rs 1.53 each during the offer period. Signals change of control and new promoter entry at a low offer price.