Open Offer triggered at Rs 42 per share for 26 percent stake in GSL Securities

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+5.0%Reaction day

₹37.85

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+4.1% vs market

Non Banking Financial Company (NBFC) peers, median of 223sector+0.3%+4.7% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0+0.8+4.1+0.3+4.7

Next day

+10.2+2.5+7.8+0.3+9.9

+15.7+2.3+13.4+0.5+15.2

+21.5+2.8+18.8+0.0+21.5

+27.6+4.1+23.5+0.4+27.2

+33.9+2.5+31.4-0.4+34.3

+47.6+1.2+46.4-1.1+48.7

15d

—-0.8—-1.5—

+70.9-1.7+72.6-2.5+73.4

—————

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 223Pending

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

AI summary

Three acquirers (Shrikant, Aarti and Sonal Bhangdiya) are making an open offer to buy up to 11,11,526 shares (26 percent) of GSL Securities at Rs 42 per share, totalling about Rs 4.67 crore in cash. This follows a Share Purchase Agreement to acquire 44.62 percent from existing promoters at the same price, resulting in a change of control. Target company is listed on BSE.

Likely market impact

Change of control at Rs 42 per share. Existing promoters exit fully while public shareholders may tender shares or hold for any revision.