Open Offer Announced for Frontier Capital at Rs 10.20 per Share

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

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+4.3% vs market

Diversified Commercial Services peers, median of 80sector+0.1%+4.9% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.9 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 80Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Prafful Agarwal and Mrs. Anupam Gupta (Acquirers) have announced a mandatory open offer to acquire up to 43,58,163 equity shares (26%) of Frontier Capital Limited from public shareholders at Rs. 10.20 per share, aggregating up to Rs. 4.45 crore. The offer is triggered by a Share Purchase Agreement under which the Acquirers will buy 56.07% stake from existing promoters for Rs. 9.40 crore at Rs. 10 per share. Subject to RBI approval as the target is an NBFC. No intention to delist.

Likely market impact

Public shareholders can tender shares at Rs 10.20; change of control to new promoters expected, subject to RBI approval for NBFC acquisition.