Disclosure under Regulation 30(LODR) regarding Public Announcement

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+9.9%1-day move

₹2.83

prior close

₹2.97

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+9.9+15.2+20.8+26.9+32.9+41.0+41.0+31.8+47.0—

Up moveDown movePending

AI summary

Two acquirers (Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi) along with persons acting in concert (PACs) are making a mandatory open offer for Cubical Financial Services Limited. The offer triggers because the acquirers entered into a Share Purchase Agreement to buy 13.83% stake from existing promoters (Mr. Ashwani Kumar Gupta and Mrs. Rita Gupta) and also received board approval for a preferential allotment of 55.11% stake. The open offer is for acquiring up to 26% of the emerging equity capital at ₹2.50 per share, totaling ₹943.61 lakhs. After the underlying transaction and open offer, acquirers will collectively hold 68.94% of the company, making them the new promoters.

Likely market impact

Existing promoters are exiting the company completely. The stock may see volatility due to change in control and mandatory open offer. Shareholders can tender their shares at ₹2.50 per share.