Announced Tue, 13 Oct, 2026 · 18:43 IST
Acquirers to buy 56% stake in Frontier Capital; Open Offer at Rs 10.20/share
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Mr. Prafful Agarwal and Mrs. Anupam Gupta (Acquirers) signed an SPA on Oct 13, 2026 to buy 93,98,455 shares (56.07%) from promoters at Rs. 10/share. This triggers an Open Offer for 43,58,163 shares (26%) from public shareholders at Rs. 10.20/share. Post-completion, Acquirers will become new Promoters and gain control. Existing promoters will move to public category.
Likely market impact
Change of control at Frontier Capital. Public shareholders can tender shares in Open Offer at Rs. 10.20/share. New board appointments likely.