Open offer at Rs 10.20/share for 26% of Frontier Capital by Prafful Agarwal and Anupam Gupta

Open offer triggeredListed-company acquisitionStrategic 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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₹11.00

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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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Reaction day

+5.0+0.7+4.3+0.1+4.9

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+21.4-7.3+28.6-4.8+26.2

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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 have triggered a mandatory open offer to acquire up to 43,58,163 shares (26% of voting capital) of Frontier Capital, an NBFC, at Rs. 10.20 per share, totalling about Rs. 4.44 crore. This follows a Share Purchase Agreement to buy 56.07% from existing promoters at Rs. 10 per share, effecting change of control. Acquirers will become new promoters.

Likely market impact

Public shareholders can tender shares at Rs. 10.20 per share. Change of control to new promoters; no delisting planned.