IDC recommends open offer at Rs 15 per share as fair and reasonable

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

AKG · 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

+1.0%Reaction day

₹13.57

prior close

₹13.97

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.8%-0.8% vs market

Trading & Distributors peers, median of 134sector+0.0%+1.0% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 1.0 pts more than its Trading & Distributors 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

-2.4

10m

-2.6

15m

-3.3

30m

-2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+1.8-0.8+0.0+1.0

Next day

+3.2+0.5+2.6+0.0+3.2

+3.1+4.3-1.2+0.0+3.1

+4.4+5.6-1.2+0.3+4.1

+3.7+4.6-0.9+1.1+2.6

+7.7+3.8+3.9+1.4+6.3

+7.6+7.5+0.1+2.3+5.3

15d

+3.9+3.8+0.1+0.0+3.9

-20.8-0.3-20.5-3.4-17.4

-31.5-9.6-21.9-11.6-19.9

-16.7+9.9-26.7+3.4-20.1

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 134Pending

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

AI summary

AKG Exim: Independent Directors recommend Mr. Kalapi Vinit Nagada's open offer at Rs 15 per share as fair and reasonable. Offer is for 82,62,000 shares (26 percent of voting capital), priced higher than the SPA price of Rs 13 and 60-day VWAP of Rs 13.02. Current market price is below the offer price.

Likely market impact

Shareholders can tender shares at Rs 15 in cash. IDC finds offer fair. Market price is currently below the offer price.