Announced Mon, 13 Jul · 20:14 IST
Open Offer triggered for Jai Mata Glass at Rs 1.85 per share
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
+20.5%1-day move
₹1.61
prior close
₹1.77
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+20.5+32.3+38.5+45.3+52.2+67.1————
Up moveDown movePending
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.