IDC recommendations on open offer for 26% acquisition of Cubical Financial

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

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-2.5%1-day move

₹6.83

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₹6.76

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AI summary

Corporate Makers Capital filed Pre-Offer Advertisement and Independent Directors Committee recommendations with BSE for the open offer to acquire up to 3,77,44,200 equity shares, which is 26% of the emerging equity and voting capital of Cubical Financial Services, from public shareholders. The acquirers are Manoj Agrawal and Amit Kumar Saraogi, with three persons acting in concert. The filing is made under SEBI Takeover Regulations 2011 and was published in Business Standard on September 16, 2026.

Likely market impact

Public shareholders can review the IDC recommendation on open offer price and terms before deciding whether to tender shares in the open offer.