Announced Sat, 12 Sept, 2026 · 14:48 IST
Frontier Warehousing completes 42.8% Kesoram acquisition, takes control as new promoter
KESORAMIND · 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
+4.1%1-day move
₹12.01
prior close
₹12.61
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.2-1.7+0.0+4.1+2.4+0.4-2.7-5.4-5.9-9.9———
Up moveDown movePending
AI summary
Frontier Warehousing acquired 13.29 crore shares (42.80%) of Kesoram from Birla group promoters on Sep 12, 2026, completing the Dec 2025 SPA. Frontier now holds 42.81% and becomes new Promoter with control. Open Offer completed March 18, 2026. Three directors resigned; new board appointed including Gautam Agarwalla as MD. Registered office shifted within Kolkata. Birla promoters now hold 0.54%, seeking reclassification to Public.
Likely market impact
Major change of control from Birla group to Frontier Warehousing (Agarwalla family). New MD and board in place; expect strategic direction shifts.