Open Offer for 26% stake at Rs 4.80 per share by two acquirers

Open Offer TriggeredListed Co AcquisitionStrategic 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

—1-day move

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prior close

₹7.48

base price

After-mkt

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+7.0+1.1—+8.3——————————

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AI summary

Two acquirers, Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar, are making a mandatory open offer to public shareholders of Dolphin Medical Services at Rs 4.80 per share for 39,25,988 equity shares (26% of voting capital), totalling about Rs 1.88 crore. This follows a Share Purchase Agreement signed May 15, 2026 to buy 20.95% from promoters at Rs 1.80 per share. Offer opens July 31, closes August 13, 2026. Post-offer, acquirers will hold 46.95% and gain management control.

Likely market impact

Public shareholders can tender shares at Rs 4.80 from July 31 to Aug 13, 2026. Change of control to follow.