Open Offer at Rs 27.92 per share for Mayur Leather Products from public shareholders

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ 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

+5.2%Reaction day

₹36.51

prior close

—

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+5.3% vs market

Gems, Jewellery And Watches peers, median of 43sector+0.2%+5.0% vs sector

On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 5.0 pts more than its Gems, Jewellery And Watches 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

—

10m

—

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.2-0.1+5.3+0.2+5.0

Next day

+10.5+0.7+9.8+0.9+9.6

+15.4+2.3+13.0+0.0+15.4

+15.0+2.2+12.9-0.5+15.5

+21.1+2.6+18.5+0.5+20.7

+20.4+3.9+16.4+0.8+19.6

+12.7+2.7+10.0+0.5+12.2

15d

+4.1-1.2+5.3-2.2+6.3

+8.2-0.2+8.4-1.0+9.3

—————

UpDownMarket · Nifty Microcap 250Sector · Gems, Jewellery And Watches peers, median of 43Pending

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

AI summary

Mr. Ghanshyam Hansrajani has made an open offer to acquire up to 12,57,048 shares (26%) of Mayur Leather Products at Rs 27.92 each from public shareholders. This follows a Share Purchase Agreement to buy 12,81,257 shares (26.50%) from existing promoters at Rs 15 per share, worth about Rs 1.92 crore. Total open offer consideration is about Rs 3.51 crore. The acquirer will become the new promoter and take control of the company.

Likely market impact

Public shareholders can tender shares at Rs 27.92. Change of control coming as new promoter Mr. Ghanshyam Hansrajani takes charge.