Open Offer at Rs 72/share for 26% stake in Hiliks Technologies

Open Offer TriggeredListed Co 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

-2.4%Reaction day

₹74.00

prior close

₹73.66

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-3.2% vs market

Investment Company peers, median of 63sector-0.0%-2.3% vs sector

On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 2.3 pts less than its Investment Company 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

-0.1

15m

-0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4+0.8-3.2-0.0-2.3

Next day

-2.6+1.0-3.6+0.0-2.6

-0.7+1.7-2.4+0.9-1.6

-2.9+0.1-2.9+0.3-3.2

-1.0+0.8-1.7+0.7-1.7

+2.4-0.9+3.3-0.4+2.8

+10.8-4.5+15.3-3.0+13.8

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 63Pending

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

AI summary

Detailed Public Statement issued for open offer to acquire 36,92,000 equity shares (26 percent of expanded capital) of Hiliks Technologies at Rs 72 per share. Acquirers (Enact Technologies, Penumatsa Venkata Raju, Boyapati Venkata Lakshmi Narasimha Swamy) also buying 5,00,000 shares via SPA at same price. Post-offer Acquirers plus PACs will hold 51.59 percent and gain management control. Maximum open offer value about Rs 26.58 crore in cash.

Likely market impact

Public shareholders can tender shares at Rs 72 cash per share. Change of control incoming; existing promoters will cease to be promoters.