Open Offer at Rs 12 per share triggered for India Cements Capital

Open offer triggeredListed-company 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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₹30.60

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-1.0% vs market

Non Banking Financial Company (NBFC) peers, median of 216sector-0.4%-1.6% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.6 pts less 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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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 216Pending

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

AI summary

Fintellectual Corporate Advisors issued Letter of Offer for an Open Offer to public shareholders of India Cements Capital. The SPA triggers this: Sandeep Jain, Vikas Garg, and Rahul Nagar will buy 50.02% from Sri Saradha Logistics at Rs 12 per share (about Rs 13.03 crores). Open Offer is for 26% at Rs 12 per share in cash. Tender period: Oct 28 to Nov 11, 2026. RBI approval received; SEBI approval for subsidiary change pending.

Likely market impact

Public shareholders can tender shares at Rs 12 per share between Oct 28 and Nov 11, 2026. Signals management change pending SEBI approval.