Hindustan Agrigenetics Limited

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

Price

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▲ 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

+6.2%Reaction day

₹65.00

prior close

₹65.25

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+6.9% vs market

Other Agricultural Products peers, median of 50sector-0.7%+6.8% vs sector

On the reaction day the stock moved 6.9 pts more than Nifty Microcap 250 and 6.8 pts more than its Other Agricultural Products 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

+5.7

10m

+6.5

15m

+8.8

30m

+5.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.2-0.7+6.9-0.7+6.8

Next day

+3.1-0.9+3.9-0.1+3.1

+6.0+0.4+5.6-0.0+6.0

+0.0+1.3-1.3+0.3-0.3

+3.8+2.3+1.6+1.4+2.4

+3.7+1.6+2.1+1.5+2.2

-1.5+2.0-3.6+1.2-2.7

15d

+3.1+4.2-1.1+1.7+1.4

-4.5-1.0-3.5-3.7-0.8

-7.7+2.6-10.3-2.6-5.1

-17.8-0.4-17.5-6.2-11.7

UpDownMarket · Nifty Microcap 250Sector · Other Agricultural Products peers, median of 50Pending

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

AI summary

Hindustan Agrigenetics Limited has informed BSE that its Committee of Independent Directors (IDC) reviewed the Open Offer made by Mr. Rajendra Naniwadekar to acquire up to 11,44,052 equity shares (26% of the voting share capital) at Rs. 54 per share. The IDC concluded that the offer price of Rs. 54 per equity share, computed under SEBI Takeover Regulations, is fair and reasonable. The Public Announcement was made on January 13, 2025, the Detailed Public Statement on January 20, 2025, and the Letter of Offer on August 25, 2025, with Bajaj Capital Securities Limited acting as the Manager to the Offer. Public shareholders are advised to independently evaluate the offer and make their own informed decision on whether to tender.

Likely market impact

Shareholders now have an IDC recommendation backing the offer as fair and reasonable, which may give more confidence to tender. However, the IDC itself asks shareholders to independently assess and decide. The offer price of Rs. 54 provides a floor reference for the stock.