Announced Fri, 3 Jul · 09:18 IST
Noble Polymers Open Offer at Rs 5 per share, Letter of Offer filed with BSE
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹5.15
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.9+5.8+7.8+9.9+12.0+16.3+35.3———
Up moveDown movePending
AI summary
Kunvarji Finstock has filed the Letter of Offer with BSE for an Open Offer on Noble Polymers by Mahesh Alabhai Odedra and Hiren Rambhai Odedra. The offer is for up to 22,76,406 shares (26% of expanded voting capital) at Rs 5 per share in cash. This follows a preferential allotment giving acquirers a 26% stake and triggering change of control. Post-offer holding would reach 52% assuming full acceptance. The offer opens July 10, 2026 and closes July 23, 2026.
Likely market impact
Public shareholders can tender shares at Rs 5 each between July 10 and July 23, 2026. Acquirers will hold 52% post-offer, triggering change of control.