Open Offer for 26% stake at Rs 12 per share by new acquirers

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

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

+2.0%Reaction day

₹23.74

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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

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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

India Cements Capital has received a Draft Letter of Offer for an Open Offer to public shareholders at Rs 12 per share. Acquirers Sandeep Jain, Vikas Garg, and Rahul Nagar, along with PAC Neha Agarwal, are buying 50.02% from promoter Sri Saradha Logistics for about Rs 13.03 crore. The Open Offer is for additional 26% (56.43 lakh shares). Triggered under SEBI takeover rules, the deal involves change of management control and requires RBI approval.

Likely market impact

Public shareholders can tender shares at Rs 12 from Sept 17-30, 2026. Change of control incoming; acquirers will become new promoters.