Open Offer for 26% stake at INR 35 per share triggered by promoter group transaction

Open offer triggeredListed-company 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

+7.9%Reaction day

₹28.00

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+7.1% vs market

Consumer Electronics peers, median of 13sector+0.3%+7.6% vs sector

On the reaction day the stock moved 7.1 pts more than Nifty Microcap 250 and 7.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.9+0.7+7.1+0.3+7.6

Next day

+13.3-1.0+14.2-0.0+13.3

+18.9-0.3+19.1+0.6+18.3

+21.3-1.9+23.2-0.6+21.9

+23.6-4.5+28.1-3.5+27.1

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+28.6-7.3+35.9-8.5+37.1

15d

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

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

AI summary

Public announcement for mandatory open offer by four acquirers led by Omnia Appliances to buy up to 26,46,487 equity shares (26%) of Comrade Appliances from public shareholders at INR 35 per share. Offer triggered by share purchase agreement to acquire 18,90,000 shares from promoter Mehboob Alam at INR 34 per share and a preferential allotment of 20 lakh shares at the same price. Post deal, the acquirers will jointly hold 38.22%. Total offer value about INR 9.26 crore at full acceptance. Stock is listed on BSE SME platform.

Likely market impact

Public shareholders may tender shares at INR 35 each. Change of promoter control; acquirers become joint promoters alongside the existing promoter group.