Announced Tue, 13 Oct, 2026 · 18:37 IST

Open Offer for 26% stake in Frontier Capital at Rs 10.20 per share

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

Price

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Price reaction · full curve 14 horizons · vs prior close

+10.2%1-day move

₹11.00

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AI summary

Mr. Prafful Agarwal and Mrs. Anupam Gupta will acquire 56.07% stake (93,98,455 shares) in Frontier Capital Limited (BSE: 508980) from existing promoters via a Share Purchase Agreement dated Oct 13, 2026 at Rs 10 per share. This triggers a mandatory Open Offer to public shareholders for 26% (43,58,163 shares) at Rs 10.20 per share, aggregate consideration about Rs 4.44 crore. FCL is an NBFC, so the deal needs RBI approval. No minimum acceptance condition; no delisting planned.

Likely market impact

Change of control. Existing promoters exiting fully. Public shareholders may tender at Rs 10.20 per share in the Open Offer. Subject to RBI approval.