Kotak Mahindra Capital Company Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18(12) of the Securities and Exchange Board of ....
KWIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. (along with PACs) has completed a mandatory open offer for Kwality Wall's (India) Limited. The acquirer had already purchased 61.90% stake (145.44 crore shares) through off-market transfers on March 30, 2026, triggering a mandatory open offer for an additional 26% stake. The offer was for 61.08 crore shares at INR 21.33 per share. However, the offer received very poor response with only 1,42,126 shares tendered (0.01% acceptance vs 26% planned). Post-offer, the acquirer holds 61.91% while public shareholders retain 38.09% of voting capital.
The open offer largely failed to attract public shareholders, leaving the company with ~38% public float. The acquirer achieved majority control but fell short of delisting threshold. Shareholders who did not tender may face reduced liquidity.