Open offer filed for 13.24% of Sri Adhikari Brothers

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

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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

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₹88.00

prior close

₹88.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+1.1% vs market

TV Broadcasting & Software Production peers, median of 16sector-1.7%+1.7% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.7 pts more than its TV Broadcasting & Software Production 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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Reaction day

+0.0-1.1+1.1-1.7+1.7

Next day

-2.3-0.1-2.1-2.3+0.1

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15d

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+11.5+0.7+10.7-6.0+17.5

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+122.7-7.0+129.7-9.8+132.5

UpDownMarket · Nifty Microcap 250Sector · TV Broadcasting & Software Production peers, median of 16Pending

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

AI summary

Grow House Wealth Management filed the open offer details for Kurjibhai Rupareliya and Leading Leasing Finance's cash purchase of up to 53,46,238 shares in Sri Adhikari Brothers Television Network at Rs 10 each. The offer opens on October 20 and closes on November 4. Full acceptance would give the buyers 99.92% and confirm their control.

Likely market impact

Control of Sri Adhikari Brothers will shift to the buyers. The Rs 10 offer is below market price, so compare it with trading levels before tendering.