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

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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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

+2.0%Reaction day

₹23.74

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.0% vs market

Non Banking Financial Company (NBFC) peers, median of 214sector+0.2%+1.8% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.8 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

+2.0-0.1+2.0+0.2+1.8

Next day

+4.0-0.2+4.2+0.0+4.0

+6.1+0.1+5.9-0.2+6.2

+8.2+0.3+7.9+0.0+8.1

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15d

+12.3+1.9+10.4-0.4+12.7

+31.4+2.2+29.2-1.5+32.9

+49.7-1.2+50.9-4.8+54.6

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 214Pending

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

AI summary

Draft Letter of Offer filed for Open Offer to acquire up to 56,43,612 shares (26% of voting capital) of India Cements Capital at Rs 12 per share in cash. Triggered by Share Purchase Agreement where acquirers Sandeep Jain, Vikas Garg, Rahul Nagar, and PAC Neha Agarwal will buy 1,08,58,186 shares (50.02% stake) from promoter Sri Saradha Logistics for about Rs 13.03 crores. Leads to change in management control. RBI approval pending as ICCL is an Authorised Dealer.

Likely market impact

Change of control at ICCL via open offer at Rs 12 per share. Public shareholders can tender shares; RBI approval is required.