Frontier Warehousing open offer for 26% stake in Kesoram at Rs 5.48

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

KESORAMIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+5.7%Reaction day

₹7.75

prior close

₹7.80

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+5.4% vs market

On the reaction day the stock moved 5.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+1.0

15m

-1.0

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+5.7+0.3+5.4

Next day

+10.8+0.8+10.1

+16.3+0.1+16.1

+22.1-0.8+22.8

+28.1-1.1+29.2

+34.5+0.2+34.3

+48.1+1.6+46.5

15d

+46.6+2.5+44.1

+27.5-2.7+30.2

+32.5-0.3+32.8

+4.4-8.9+13.3

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Frontier Warehousing Ltd has triggered a mandatory open offer for 26% stake (8.07 crore shares) in Kesoram Industries at Rs 5.48 per share, totalling about Rs 44.26 crores. This follows a Share Purchase Agreement to buy 42.80% from Birla group promoters at Rs 4 per share (Rs 53.19 crores). Deal marks change of control with Agarwalla family becoming new promoters. No delisting planned.

Likely market impact

Public shareholders can tender shares at Rs 5.48 each. Control moves from Birla group to Agarwalla family. No delisting planned.