Announced Tue, 15 Sept, 2026 · 08:39 IST
Open offer for Jai Mata Glass sees almost no public participation
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹2.68
prior close
₹2.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+1.2+1.5+1.5+2.2+4.5+11.6+13.4+17.5+17.9+6.7———
Up moveDown movePending
AI summary
Post Offer Advertisement shows the open offer by Mr. Ashwani Gulati, Ms. Kiran Gulati and Veerasha Trust for up to 2.6 crore shares (26 percent) of Jai Mata Glass at INR 1.85 per share drew almost no response. Only 1,084 shares were tendered versus 2.6 crore offered. Acquirers already held 44.57 percent via agreements, so post-offer shareholding stays at 44.57 percent instead of the proposed 70.57 percent.
Likely market impact
Open offer effectively failed; acquirers hold 44.57 percent. Low price of INR 1.85 likely deterred public shareholders from tendering.