Promoters sign SPA to sell 72.58% stake; open offer at Rs 28 per share

Promoter Stake Sell 1pctOwnership Changes View source PDF

Price

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▲ 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

+10.2%1-day move

₹24.96

prior close

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base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+10.2+15.7—+21.5+27.5+40.6+107.6———

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AI summary

Existing promoters Bbigplas Poly Private Limited and Sarla Surana signed a Share Purchase Agreement with Mr. Ashish Begwani to sell 40,12,335 shares (72.58% of paid-up capital). This triggers a mandatory open offer for 14,37,420 shares (26%) at Rs 28 per share in cash. Upon completion, the acquirer becomes the sole promoter and gains control; sellers will be reclassified as non-promoters. Subject to closing conditions and regulatory approvals.

Likely market impact

Change of control incoming. New promoter takes over; public shareholders get an exit option at Rs 28 per share through the open offer.