IDC recommends Open Offer at Rs 23.35 per share as fair and reasonable

Open Offer TriggeredListed Co 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

₹60.55

announcement price

After-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

Stock

-0.1

10m

-0.1

15m

+8.7

30m

-0.1

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

Three acquirers (Mr. Manav Bahri, Mr. Dinesh Popli, Mr. Ajay Dutta) and two PACs have made an open offer for 26 percent (3,19,71,680 equity shares) of Kuber Udyog at Rs 23.35 per share under SEBI takeover rules. The Committee of Independent Directors has reviewed the offer and recommends it as fair and reasonable. The IDC noted current market price is higher than the offer price, and shareholders are advised to independently evaluate before tendering.

Likely market impact

Shareholders should note current market price is above the offer price of Rs 23.35. Tender shares only after independent evaluation.