Promoters selling 70.66 percent stake; open offer for 26 percent to follow

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

Price

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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

+5.0%Reaction day

₹67.23

prior close

₹70.59

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+3.9% vs market

Trading - Metals peers, median of 9sector+0.1%+4.9% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 4.9 pts more than its Trading - Metals 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

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0+1.1+3.9+0.1+4.9

Next day

+10.2+2.4+7.8+2.4+7.8

+15.7+2.9+12.9+3.5+12.3

+13.4+4.2+9.2+2.4+11.1

+11.7+4.6+7.1+3.4+8.3

+9.3+4.6+4.7+4.9+4.4

+5.0+4.4+0.6+2.0+3.0

15d

-10.6+5.7-16.3-1.6-9.0

-20.8+6.6-27.3+0.0-20.8

-32.5+5.4-37.9+0.1-32.7

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UpDownMarket · Nifty Microcap 250Sector · Trading - Metals peers, median of 9Pending

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

AI summary

Promoters Virat Shah and Alok Shah signed an SPA to sell their full 70.66% stake (63,65,924 shares) to RB International Holdings, Suyog Desai, and Nikita Desai at 23.85 per share, total deal value about 15.18 crore. A mandatory open offer for 26% of equity to public shareholders will follow under SEBI takeover rules. Change of control: existing promoters will be reclassified as public, acquirers will become new promoters.

Likely market impact

Change of control is coming. Public shareholders will get an open offer, likely priced near 23.85 per share. Expect stock volatility around offer pricing.