Open Offer triggered for Jai Mata Glass at Rs 1.85 per share

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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

+9.9%Reaction day

₹1.61

prior close

₹1.77

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+10.9% vs market

Other Construction Materials peers, median of 14sector-1.7%+11.6% vs sector

On the reaction day the stock moved 10.9 pts more than Nifty Microcap 250 and 11.6 pts more than its Other Construction Materials 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

+9.9-1.0+10.9-1.7+11.6

Next day

+20.5-0.4+20.9-0.6+21.1

+32.3-0.8+33.1-0.6+32.9

+38.5-1.9+40.4-2.0+40.5

+45.3-1.3+46.6-1.1+46.4

+52.2-1.0+53.1+0.5+51.7

+67.1-2.8+69.9-0.2+67.3

15d

+96.3+0.4+95.9+2.7+93.6

+105.6+2.4+103.2+4.8+100.8

+59.0+1.0+58.0+9.6+49.4

+68.3+1.8+66.6+13.4+55.0

UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 14Pending

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

AI summary

Acquirers Ashwani Gulati, Kiran Gulati and Veerasha Trust will buy 2.60 crore equity shares (26 percent) of Jai Mata Glass from public shareholders at Rs 1.85 per share, totaling Rs 4.81 crore. This mandatory open offer is triggered by a Share Purchase Agreement signed July 13, 2026, where the same acquirers purchase 4.46 crore shares (44.57 percent) from existing promoters at the same price, taking control of the company.

Likely market impact

Public shareholders can tender shares at Rs 1.85 each. Control of JMGL changes hands to the Gulati family and Veerasha Trust.