Mark Corporate Advisors Private Limited as Submitted to the Exchange a Copy of Offer opening Public Announcement Under Regulation 18(7) of Securities And Exchange Board of India (Substantial Acquisition of Shares And Takeovers) Regulations, 2011, As Amended for the attention of the eligible equity shareholders of the company
KESORAMIND · price
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Frontier Warehousing Limited (FWL) is launching an Open Offer to acquire up to 8,07,72,600 equity shares (26% of voting capital) of Kesoram Industries Limited at ₹5.48 per share, payable in cash. The offer price is higher than the negotiated acquisition price of ₹4.00 per share and matches the 60-day volume-weighted average market price on NSE. The Independent Directors Committee has recommended the offer as fair and reasonable. There is no competing bid, and FWL, a warehousing, malls, and industrial parks company, intends to take over and turn around Kesoram. The tendering period runs from February 26, 2026 to March 12, 2026.
Eligible public shareholders can tender their shares at ₹5.48 during the offer window. The offer price equals the 60-day VWAP, so the real benefit depends on the current market price versus ₹5.48. Post-offer, Frontier Warehousing and its promoter group will become the new promoters of Kesoram, signaling a potential change in control and business direction.