BSEFrontier Capital LtdHighNeutral
Announced Wed, 21 Oct, 2026 · 12:21 IST
Open offer to acquire 26% of 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
Mr. Prafful Agarwal and Mrs. Anupam Gupta have made a mandatory open offer to acquire 43,58,163 shares (26%) of Frontier Capital Ltd at Rs 10.20 per share, totaling Rs 4.44 crore. This follows a Share Purchase Agreement to buy 56.07% from existing promoters at Rs 10 per share. Acquirers will become new promoters. RBI approval required. Shares under GSM Stage 3 surveillance. Tendering period: Dec 8 to Dec 21, 2026.
Likely market impact
Shareholders can tender at Rs 10.20 between Dec 8 to 21, 2026. Change of control pending RBI approval. Stock under GSM Stage 3 adds risk.