Open Offer for 2.6 crore shares of Jai Mata Glass at Rs 1.85 per share

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ 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

-1.9%Reaction day

₹3.13

prior close

₹3.07

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-2.4% vs market

Other Construction Materials peers, median of 17sector+0.3%-2.2% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.2 pts less than its Other Construction Materials 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

—

10m

—

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9+0.5-2.4+0.3-2.2

Next day

-3.8+0.8-4.6+0.1-3.9

-5.8+1.0-6.8-2.7-3.1

-7.3+0.6-7.9-3.0-4.4

-5.8+1.2-6.9+0.2-5.9

-7.3+0.9-8.3+0.7-8.0

-4.2+1.6-5.7+0.9-5.0

15d

-12.8+1.9-14.7+1.3-14.0

-2.9+0.8-3.7-1.7-1.2

-12.5-5.7-6.8+0.2-12.7

—————

UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 17Pending

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

AI summary

Open offer by Ashwani Gulati, Kiran Gulati, and Veerasha Trust to acquire up to 2,60,00,000 equity shares of Jai Mata Glass Limited at INR 1.85 per share in cash, under SEBI takeover rules. IDC recommends the offer price as fair and reasonable. Tendering period opens August 21, 2026 and closes September 4, 2026 (revised dates). This is a corrigendum to the Detailed Public Statement. No competing offer has been received.

Likely market impact

Shareholders can tender shares between August 21 and September 4, 2026 at INR 1.85 per share in cash. IDC finds the offer price fair.