Announced Fri, 21 Aug, 2026 · 19:11 IST

Open offer at ₹23.35 to buy 26% of Kuber Udyog after Golden Ikon deal

Listed Co AcquisitionOpen Offer TriggeredStrategic 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 reaction · full curve 14 horizons · vs prior close

+10.2%1-day move

₹41.98

prior close

₹44.07

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+10.2+15.7+21.5+27.6+33.9+20.9+10.9+33.4——

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AI summary

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.

Likely market impact

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.