Open offer at ₹23.35 to buy 26% of Kuber Udyog after Golden Ikon deal
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Open offer to buy up to 3.19 crore shares (26% of expanded voting capital) of Kuber Udyog at ₹23.35 each in cash, under SEBI takeover rules 3(1) and 4. Trigger: Kuber Udyog acquiring 100% of Golden Ikon Fleet Management by issuing 7.62 crore shares plus cash. Post-offer acquirers and PAC will hold about 89%. Company plans to surrender NBFC license, rename to Golden Ikon Mobility and pivot to fleet management. Tendering period: October 1 to October 15, 2026.
Shareholders can tender at ₹23.35 between October 1 and 15, 2026. Control shifts and company pivots from NBFC to fleet management under new name Golden Ikon Mobility.