Please find below the outcome of meeting of the Committee of Independent Directors for Open Offer held on 30.03.2026, inter alia has transacted the following: The Committee of Independent ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 2.2 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Committee of Independent Directors of Asgard Alcobev Limited met on 30.03.2026 to review an open offer made by a group of acquirers (Ronak Jain, Sarita Jain, Priyanka Jain, and K K Impex & Trading Private Limited) along with persons acting in concert. The open offer is for up to 9,17,41,759 equity shares (representing 26% of the expanded equity and voting share capital) at a price of Rs. 1.45 per share of Re. 1 face value. The open offer follows a Public Announcement dated 17th December 2025, Detailed Public Statement dated 20th December 2025, and Letter of Offer dated 19th March 2026. The Committee reviewed all these documents and concluded that the open offer is fair and reasonable.
The Independent Directors' favourable recommendation may encourage shareholders to participate in the open offer. However, the offer price of Rs. 1.45 per share is only marginally above the face value of Re. 1, suggesting a low valuation offer that shareholders should carefully evaluate.