Open Offer at Rs 23.35 per share; Kuber Udyog to acquire Golden Ikon

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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

+5.0%Reaction day

₹25.81

prior close

₹27.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+5.0% vs market

Non Banking Financial Company (NBFC) peers, median of 214sector+0.2%+4.8% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 4.8 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.

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Sessions after the filingfrom the prior close

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Reaction day

+5.0-0.1+5.0+0.2+4.8

Next day

+10.2-0.2+10.5+0.0+10.2

+15.7+0.1+15.6-0.2+15.9

+21.5+0.3+21.2+0.0+21.5

+27.5+0.4+27.2-0.0+27.6

+33.9+0.5+33.4-0.6+34.5

+47.6+0.3+47.3-1.1+48.7

15d

+117.8+1.9+116.0-0.4+118.3

+91.8+2.2+89.6-1.5+93.3

+170.3-1.2+171.4-4.8+175.1

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 214Pending

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

AI summary

Three acquirers along with PAC Trimudra Trade & Holdings have made a mandatory Open Offer for 3.19 crore shares (26 percent of expanded voting capital) of Kuber Udyog at Rs 23.35 per share, totalling about Rs 74.65 crore in cash. The offer is triggered by Kuber Udyog 100 percent acquisition of Golden Ikon Fleet Management via share swap and a preferential issue. Kuber Udyog is exiting its NBFC business and moving into fleet management operations.

Likely market impact

Shareholders can tender at Rs 23.35. New promoters gain 63 percent control; company shifts from NBFC to fleet management.