Open offer on SABTNL closes with very low public participation

Listed-company acquisitionOpen offer triggeredStrategic 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

+5.0%Reaction day

₹93.40

prior close

₹98.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+5.1% vs market

TV Broadcasting & Software Production peers, median of 16sector-0.1%+5.1% vs sector

On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 5.1 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

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0-0.1+5.1-0.1+5.1

Next day

+10.3+0.5+9.8-0.3+10.6

+15.8-0.3+16.2+0.1+15.8

+21.6-0.5+22.1-1.0+22.6

+27.6-0.8+28.4-1.5+29.1

+34.0-2.3+36.4-2.0+36.1

+45.6-2.8+48.4-2.9+48.5

15d

+46.3-4.9+51.1-3.1+49.3

+81.3-4.7+86.0-1.6+82.9

+109.9-7.7+117.6-5.3+115.1

+93.1-7.8+101.0-12.0+105.1

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

Post-offer ad for open offer on Sri Adhikari Brothers Television Network (SABTNL) at Rs. 10 per share by Mr. Kurjibhai Rupareliya and PAC. Offer for 53,46,238 shares (13.24%) closed Nov 4, 2025. Only 237 shares tendered by public, showing near-total rejection. Acquirer plus PAC now hold 49.54% of voting capital.

Likely market impact

Open offer largely rejected, only 237 shares tendered at Rs. 10. Acquirer plus PAC still hold 49.54%, set to rise to 86.68% after pending allotment.