Post-offer advertisement for open offer at INR 150 per share for 26% stake

Open Offer TriggeredListed Co AcquisitionStrategic 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

+2.7%Reaction day

₹119.30

prior close

₹118.21

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+2.5% vs market

On the reaction day the stock moved 2.5 pts more than 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

-0.2

10m

+0.4

15m

+0.6

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.7+0.2+2.5

Next day

+5.2+0.9+4.3

-0.9-0.8-0.2

-1.1-0.1-1.0

-2.8-1.7-1.1

-1.8-4.3+2.5

-8.6-7.5-1.2

15d

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Manager to the Offer has submitted a post-offer advertisement to BSE for The Ballygunge Family Trust along with PACs Mr. Sukumar Srinivas and Ms. Parwathi Srikanth Mirlay to acquire up to 63,04,825 equity shares (26% of paid-up capital) of Shankara Building Products Ltd at INR 150 per share, under SEBI Takeover Regulations 2011.

Likely market impact

Open offer for 26% stake at INR 150/share has reached post-offer advertisement stage; shareholders should review tendering outcome.