Corrigendum to Open Offer for Kuber Udyog at Rs 23.35 per share

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

Price

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

-5.0%Reaction day

₹66.99

prior close

₹63.65

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.7%-3.3% vs market

Non Banking Financial Company (NBFC) peers, median of 209sector-0.2%-4.8% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 4.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-5.0-1.7-3.3-0.2-4.8

Next day

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-7.4-5.2-2.2-2.8-4.6

-12.1-7.4-4.7-4.4-7.6

-16.5-7.0-9.4-4.6-11.9

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 209Pending

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

AI summary

Manager to the Offer filed a corrigendum to the open offer to acquire up to 3.19 crore shares (26 percent of expanded voting capital) of Kuber Udyog at Rs 23.35 per share in cash. Three acquirers and two persons acting in concert are making the offer under SEBI takeover rules. The corrigendum adds disclosures on Golden Ikon Fleet Management, identifies Ms Shraddha Gohil as PAC 2, and notes the company name change to Golden Ikon Mobility Limited. NBFC registration surrender is pending with RBI.

Likely market impact

Open offer timeline revised. Offer price unchanged at Rs 23.35. Shareholders should review the corrigendum for new disclosures before tendering.