Announced Tue, 27 Oct, 2026 · 19:12 IST
Open offer for up to 26% of Comrade Appliances at INR 35 per share
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
BSE received a draft open offer for Comrade Appliances. Four acquirers seek up to 2,646,487 shares, 26% of post-issue capital, at INR 35 per share in cash. It follows purchase of 1,890,000 promoter shares and 2,000,000 preferential shares at INR 34. Tendering runs from December 8 to December 21, 2026, with no minimum acceptance. If fully accepted, the acquirers would hold 64.22% and share control with existing promoters.
Likely market impact
Public holders may tender at INR 35 per share. A change in control could weigh on the share price and liquidity, despite the buyers' plans for growth.