Open Offer at Rs 2.24 per share by Agarwal group 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

+5.0%Reaction day

₹2.82

prior close

₹2.96

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.6% vs market

Non Banking Financial Company (NBFC) peers, median of 219sector-0.3%+5.3% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 5.3 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

+5.0+0.4+4.6-0.3+5.3

Next day

+9.9+1.7+8.2+0.0+9.9

+15.2+0.2+15.0-0.8+16.0

+9.6+0.5+9.1-0.5+10.1

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+9.2-0.1+9.3-1.7+10.9

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15d

+34.8-1.4+36.1-2.2+37.0

+40.8-7.4+48.2-5.1+45.9

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 219Pending

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

AI summary

Arpit Agarwal, Megha Agarwal, and Arpit Agarwal HUF (the Acquirers) have made a triggered open offer to buy up to 9,92,12,282 equity shares (26 percent of expanded voting capital) of Kapil Raj Finance Ltd at Rs 2.24 per share, aggregating about Rs 22.22 crore in cash. The offer is triggered under SEBI takeover rules by a share swap where Kapil Raj Finance will allot 26,54,87,700 preferential shares (69.57 percent) to the Acquirers against shares of Henyo Pack Limited. After completion, the Acquirers will become promoters of the Target Company.

Likely market impact

Public shareholders can tender shares at Rs 2.24 each in cash. Control of Kapil Raj Finance will shift to the Agarwal group via a share swap.