Open offer at Rs 12 per share for 26 percent stake in India Cements Capital

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

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

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₹19.53

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+0.6% vs market

Non Banking Financial Company (NBFC) peers, median of 213sector+0.4%+1.5% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.5 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.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 213Pending

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

AI summary

Sandeep Jain, Vikas Garg, and Rahul Nagar along with PAC Neha Agarwal are acquiring 50.02 percent stake from promoter Sri Saradha Logistics at Rs 12 per share, totaling Rs 13.03 crores. This triggers a mandatory open offer for an additional 26 percent (up to 56.43 lakh shares) from public shareholders at Rs 12 per share, with total consideration of Rs 6.77 crores. The offer is subject to RBI approval as the target is an authorised dealer Category II. Fintellectual Corporate Advisors is the manager.

Likely market impact

Change of control at Rs 12 per share. Public shareholders can tender shares. RBI approval pending. Stock may see volume activity.