Announced Wed, 30 Sept, 2026 · 15:20 IST
Open Offer by Bhangdiya family to acquire 26 percent stake in GSL Securities at Rs 42 per share
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
—1-day move
₹58.67
prior close
₹61.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—————+10.2————————
Up moveDown movePending
AI summary
Mr. Shrikant Bhangdiya and family (acquirers) are making a mandatory open offer for up to 11,11,526 shares (26 percent) of GSL Securities at Rs 42 per share from public shareholders, totaling about Rs 4.67 crore. This follows an SPA on September 16, 2026, where the Bhangdiya family will buy 19,07,600 shares (44.62 percent) from existing promoters (Bagrodia family) for Rs 8.01 crore, triggering a change of control. Offer opens November 11, 2026 and closes November 25, 2026.
Likely market impact
Existing promoters will exit and Bhangdiya family will gain control. Public shareholders can tender shares at Rs 42 until November 25, 2026.