Kotak Mahindra Capital Company Ltd has submitted the Exchange a copy of POST OFFER ADVERTISEMENT UNDER REGULATION 18(12) OF THE SECURITIESAND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES ANDTAKEOVERS) REGULATIONS, 2011, AS AMENDED ( SEBI (SAST) REGULATIONS ) FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF the company
KWIL · price
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The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (along with PACs) completed a mandatory open offer for acquiring up to 26% stake in Kwality Wall's (India) Limited at INR 21.33 per share. The offer opened on April 23, 2026 and closed on May 7, 2026. However, the offer received very poor response with only 1,42,126 shares tendered against the 61,08,93,729 shares offered. The acquirer had previously acquired 61.90% stake (145.44 crore shares) through off-market transfers on March 30, 2026. Post-offer, the acquirer holds 61.91% (145.46 crore shares) while public shareholders retain 38.09% (89.50 crore shares).
The failed open offer means the acquirer could not increase stake to the intended 87.90%. However, they maintain majority control at 61.91%. Minority shareholders who did not tender retain their holdings but with reduced liquidity due to likely low trading interest in a stock with concentrated ownership.