Open Offer by Karronn Bajaj for 26% stake in Mitshi India at Rs 15 per share

Acquisition announcedOpen offerStrategic Transactions View source PDF Explain this filing

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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

+20.9%Reaction day

₹14.30

prior close

₹17.29

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+20.5% vs market

Trading & Distributors peers, median of 122sector+0.3%+20.6% vs sector

On the reaction day the stock moved 20.5 pts more than Nifty Microcap 250 and 20.6 pts more than its Trading & Distributors 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

-5.1

10m

-3.2

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+20.9+0.4+20.5+0.3+20.6

Next day

-2.1+1.8-3.8+0.5-2.6

-9.2+0.5-9.7+0.4-9.7

-15.5+0.9-16.4+0.4-15.8

-12.6+0.3-12.9+0.0-12.6

-11.1+1.4-12.6+0.0-11.1

-11.9+3.2-15.1+1.1-13.0

15d

-8.0+5.4-13.4+0.2-8.3

-6.4+6.4-12.7-0.2-6.2

+1.7+6.3-4.6-2.9+4.6

-7.0-3.6-3.4-7.1+0.1

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 122Pending

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

AI summary

Mr. Karronn Naresh Bajaj is making a mandatory open offer to buy up to 22,88,000 equity shares (26% of voting capital) of Mitshi India at Rs. 15 per share, totaling about Rs. 3.43 crore. This follows a Share Purchase Agreement dated July 23, 2026, under which the acquirer will purchase 13,70,070 shares (15.57%) from existing promoters Kumar V Shah and Deepa Kumar Shah at Rs. 15 per share (about Rs. 2.06 crore). Post-deal, the acquirer will become the new promoter and gain control of the company. The shares are infrequently traded on BSE. No delisting is planned.

Likely market impact

Public shareholders can tender shares at Rs. 15 each during the offer window. Change of control is incoming as current promoters exit and the new acquirer takes over.