Announced Tue, 16 Jun · 15:56 IST
Post-offer ad: Glittek Granites takeover closed; Thanki family holds 70.59%
Compliance View source PDF
Price
▲ 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
-3.9%1-day move
₹43.91
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-3.9-5.9-7.7-9.6-11.4-7.8+7.9+20.6——
Up moveDown movePending
AI summary
Post-offer ad published for Glittek Granites open offer at Rs. 12.65/share. 6 Thanki family members + Rawmin Mining acquired 19,73,603 shares (out of 67,50,000 offered), paying Rs. 2.49 crore. Offer ran May 19-Jun 2, 2026; payment on Jun 9, 2026. Acquirers' stake rose from 0% to 70.59%; public holding fell from 37.01% to 29.41%.
Likely market impact
Takeover complete with low tender response (~29% of max). Promoter group now holds 70.59%; public float drops to 29.41%, reducing liquidity.