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

KWIL · 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

-2.8%1-day move

₹27.27

prior close

₹26.37

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-2.8-2.5-3.6-5.7-3.2-3.6+19.2+36.6+21.0—

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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.