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 ....

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

₹26.79

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

Stock

-0.4

10m

-0.2

15m

-0.4

30m

-0.6

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

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.

Likely market impact

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.