Open Offer Withdrawn After RBI Rejects Shareholding Change

Listed Co AcquisitionDeal CancelledStrategic 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

-1.6%Reaction day

₹9.10

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-1.8% vs market

Non Banking Financial Company (NBFC) peers, median of 215sector+0.1%-1.8% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.8 pts less than its Non Banking Financial Company (NBFC) 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

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10m

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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

-1.6+0.2-1.8+0.1-1.8

Next day

-6.5+0.9-7.4+0.3-6.7

-4.8-0.8-4.1+0.3-5.1

+2.2-0.1+2.3+0.1+2.1

-0.1-1.7+1.6+0.0-0.1

-6.6-4.3-2.3-1.7-4.9

-12.1-7.5-4.6-3.7-8.4

15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 215Pending

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

AI summary

Acquirers from the Chaturvedi family and Brijlaxmi Infotech had proposed buying 64,99,889 shares (26%) of Brijlaxmi Leasing and Finance at Rs 10.05 per share, worth about Rs 6.53 crore. RBI did not approve the proposed shareholding change, so the open offer to public shareholders has been withdrawn.

Likely market impact

No change in company ownership. Status quo continues for public shareholders.