Noble Polymers Open Offer at Rs 5 per share, Letter of Offer filed with BSE

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+2.3% vs market

Plastic Products - Industrial peers, median of 38sector-0.0%+2.0% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.0 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 38Pending

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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.