Open offer for Kesoram by Frontier Warehousing at rupees 5.48 per share

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

+5.0%Reaction day

₹9.07

prior close

₹8.85

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+6.4% vs market

On the reaction day the stock moved 6.4 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

+2.3

10m

+4.5

15m

+5.6

30m

+6.7

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+5.0-1.4+6.4

Next day

+2.0-1.6+3.6

+0.1-1.4+1.5

-1.0-2.7+1.7

-1.9-2.5+0.6

-2.1-2.3+0.2

-3.6-5.4+1.8

15d

-12.7-10.5-2.2

-10.1-10.3+0.2

+18.1+1.6+16.5

+35.3+3.8+31.5

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Frontier Warehousing is making a mandatory open offer to buy up to 8.07 crore shares (26 percent) of Kesoram Industries at rupees 5.48 per share, totaling about rupees 44.26 crore in cash. This follows a Share Purchase Agreement to acquire 13.3 crore shares (42.80 percent) from Birla group promoters at rupees 4.00 per share for about rupees 53.19 crore. The tendering period runs from February 26 to March 12, 2026. The deal results in a change of control from the Birla group to Frontier Warehousing. No delisting is planned.

Likely market impact

Shareholders can tender shares at rupees 5.48 between February 26 and March 12, 2026. Marks change of control from Birla group to Frontier Warehousing.