BSEFrontier Capital LtdHighNeutral
Announced Wed, 21 Oct, 2026 · 07:57 IST
Open offer for 26% stake in Frontier Capital at Rs 10.20 per share
Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Mandatory open offer by Mr. Prafful Agarwal and Mrs. Anupam Gupta to acquire up to 43,58,163 shares (26%) of Frontier Capital at Rs. 10.20 per share, totaling about Rs. 4.44 crore. Triggered by a Share Purchase Agreement to buy 56.07% stake from current promoters at Rs. 10 per share for Rs. 9.40 crore. Acquirers will become new promoters, resulting in change of control. Target is an RBI-registered NBFC. RBI approval is required. Tendering period is December 8 to December 21, 2026.
Likely market impact
Public shareholders can tender shares at Rs. 10.20 each or hold on. Change of control with new promoters taking over the NBFC. Stock is under GSM Stage 3 trading restrictions.