Open Offer for Shankara Building Products at INR 150 per share

Acquisition announcedStrategic Transactions View source PDF Explain this filing

SHANKARA · 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

-0.7%Reaction day

₹139.69

prior close

₹139.69

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-0.0% vs market

On the reaction day the stock moved in line with Nifty Microcap 250, 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

+0.1

10m

-0.1

15m

-0.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-0.7-0.7-0.0

Next day

+0.2-0.3+0.5

+0.7+1.1-0.3

+1.4-0.2+1.6

+0.2+0.2-0.0

-0.4-0.3-0.1

+1.6+2.1-0.5

15d

+1.1+4.6-3.5

+3.7+5.6-1.9

+1.8+7.2-5.4

-22.0-4.7-17.3

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Shankara Building Products faces an open offer from The Ballygunge Family Trust together with persons acting in concert including Sukumar Srinivas, Parwathi Srikanth Mirlay, Dhananjay Mirlay Srinivas and Shankara Holdings. The acquirer is offering to buy 26 percent of paid-up equity shares at INR 150 per share, in compliance with SEBI Takeover Regulations 2011. Corporate Professionals Capital is acting as the manager to the offer.

Likely market impact

Shareholders can tender shares at INR 150 each during the open offer window. Offer price acts as a near-term reference level for the stock.