Open Offer at Rs 35 per share to acquire 26 percent of Comrade Appliances

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹33.95

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.6%+4.6% vs market

Consumer Electronics peers, median of 13sector-2.9%+4.8% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 4.8 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.0-2.6+4.6-2.9+4.8

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UpDownMarket · Nifty Microcap 250Sector · Consumer Electronics peers, median of 13Pending

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AI summary

Acquirers led by Omnia Appliances (Murarka family) have made a mandatory open offer to buy up to 26.46 lakh shares (26% of expanded share capital) of Comrade Appliances at Rs 35 per share, aggregating about Rs 9.26 crore. This follows a Share Purchase Agreement to acquire 24.30% from promoter Mehboob Alam at Rs 34 per share and a preferential issue of 20 lakh shares to Acquirer 1 at Rs 34 per share. Post-offer, Acquirers will hold 64.22% of the company.

Likely market impact

Public shareholders can tender shares at Rs 35 per share until Dec 21, 2026. Acquirers will become joint promoters with 64.22% holding post-offer.