IDC recommendations on Open Offer for Kuber Udyog at Rs 23.35 per share

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

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

-1.8%Reaction day

₹63.65

prior close

₹61.68

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%+0.8% vs market

Non Banking Financial Company (NBFC) peers, median of 212sector-1.9%+0.1% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.1 pts more 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8-2.6+0.8-1.9+0.1

Next day

-2.6-3.6+1.0-2.1-0.5

-7.5-5.8-1.6-3.7-3.7

-12.1-5.5-6.6-4.4-7.7

-7.7-3.8-3.8-3.1-4.6

-3.4-3.8+0.4-2.9-0.5

-1.0pendingpending-2.6+1.5

15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 212Pending

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

AI summary

Manager to the Offer submitted to BSE the Independent Directors Committee (IDC) recommendations on the open offer for Kuber Udyog Limited. The acquirers Mr. Manav Bahri, Mr. Dinesh Popli, Mr. Ajay Dutta and persons acting in concert seek up to 3,19,71,680 equity shares (26 percent of expanded voting share capital) at Rs 23.35 per share in cash under SEBI Takeover Regulations. The IDC met on October 19, 2026 and its recommendations were published on October 21, 2026 in Financial Express, Jansatta and Mumbai Lakshdeep.

Likely market impact

Shareholders should review the IDC recommendations on the open offer at Rs 23.35 per share before deciding whether to tender their shares.