Intimation regarding receipt of Post Open Offer Advertisement issued by Magnum under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

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

KWIL · 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

-2.8%Reaction day

₹27.27

prior close

₹26.37

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-2.5% vs market

Dairy Products peers, median of 9sector-1.4%-1.5% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.5 pts less than its Dairy Products 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-0.4-2.5-1.4-1.5

Next day

-2.8-1.7-1.1-1.4-1.4

-2.5-1.3-1.2-2.4-0.1

-3.6-0.7-2.9-2.3-1.2

-5.7+0.4-6.1-2.6-3.2

-3.2+0.5-3.7-2.9-0.3

-3.6+2.8-6.4-2.7-0.8

15d

+19.2+1.2+18.0-5.5+24.7

+36.6+5.3+31.3-1.5+38.1

+21.0+9.9+11.1-0.7+21.7

+42.3+13.1+29.2-5.9+48.2

UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 9Pending

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

AI summary

Magnum Ice Cream Company (Netherlands) completed a mandatory open offer for 26% stake in Kwality Wall's at INR 21.33 per share. The offer, opened on April 23, 2026 and closed on May 7, 2026, received extremely poor response with only 1,42,126 shares (0.01% of offered) tendered, amounting to just INR 30.3 lakh versus the planned INR 1,303 crore. Magnum already held 61.90% stake (145.44 crore shares) acquired via off-market transfer on March 30, 2026 before the open offer. Post-offer, Magnum's holding stands at 61.91%, essentially unchanged from pre-offer level.

Likely market impact

The open offer was largely unsuccessful as public shareholders did not tender shares, leaving Magnum with majority control at 61.91%. Stock may see limited reaction given the acquirer's already substantial stake.