Open offer at INR 21.33 for 26% stake in Kwality Wall's by Magnum Ice Cream

Listed Co AcquisitionOpen Offer TriggeredDemerger Ratio AnnouncedStrategic 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

-4.3%Reaction day

₹29.20

prior close

₹28.55

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%-5.3% vs market

Dairy Products peers, median of 10sector+0.5%-4.7% vs sector

On the reaction day the stock moved 5.3 pts less than Nifty Microcap 250 and 4.7 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

-0.9

10m

-1.5

15m

-1.9

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.3+1.0-5.3+0.5-4.7

Next day

+0.5+1.3-0.8+0.4+0.0

-0.2-0.2-0.0-2.5+2.3

-5.5-0.3-5.2-2.7-2.8

-4.8-0.2-4.6-3.6-1.1

-11.0-1.4-9.5-6.5-4.5

-10.6-1.0-9.6-4.6-6.0

15d

-8.7-6.3-2.4-10.3+1.6

-17.1-9.0-8.2-12.3-4.8

-10.6+3.5-14.1+3.2-13.9

-9.2+4.6-13.9-4.1-5.2

UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 10Pending

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

AI summary

Magnum Ice Cream Company (HoldCo 1 Netherlands B.V.) makes a mandatory open offer to buy 26% (about 61.09 crore shares) of Kwality Wall's at INR 21.33 per share, totaling up to INR 1,303 crore. Triggered by an SPA to acquire 61.90% from Unilever entities for about EUR 278.55 million (INR 2,998 crore). Kwality Wall's stock just started trading on BSE and NSE on Feb 16, 2026, after demerger from HUL on a 1:1 basis.

Likely market impact

Public shareholders can tender shares at INR 21.33. Post-deal, Magnum will hold 87.9%, becoming new promoter. No delisting planned.