Open Offer for 26 percent of Kuber Udyog at Rs 23.35 per share
Price
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 4.8 pts less 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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Letter of Offer submitted to BSE for an open offer to acquire up to 3,19,71,680 equity shares of Kuber Udyog Limited, representing 26 percent of expanded voting share capital, by Mr. Manav Bahri, Mr. Dinesh Popli, and Mr. Ajay Dutta along with PACs, at Rs 23.35 per share in cash. The open offer is triggered by the SSSA dated August 7, 2026, under which Kuber Udyog will acquire 100 percent of Golden Ikon Fleet Management by issuing 7,62,85,000 equity shares to the acquirers. Tendering period runs from October 28 to November 11, 2026.
Public shareholders can tender shares at Rs 23.35 between Oct 28 and Nov 11, 2026. Change of control of Kuber Udyog incoming via Golden Ikon acquisition.