Kotak Mahindra Capital Company Limited has submitted to the Exchange a copy of Open off- Public Announcement for of SML Isuzu Limited ( Target Company) under Regulation 3 (1) and 4 read with Regulations 13, 14 and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as Amended.
SMLMAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 10.8 pts less than Nifty Microcap 250 and 10.9 pts less than its Agricultural Commercial & Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Kotak Mahindra Capital Company Limited, acting as the manager to the open offer, has submitted an Open Offer Public Announcement for SML Isuzu Limited to the stock exchanges. The offer is being made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulation 3(1) and 4 read with Regulations 13, 14 and 15(1). SML Mahindra Limited appears to be the acquirer in this transaction, with SML Isuzu Limited being the target company. This indicates a significant change in shareholding or control trigger event for SML Isuzu Limited.
Shareholders of SML Isuzu Limited should expect a formal open offer to purchase their shares at a specified price in the coming days. This is typically a positive event as open offers are usually priced at a premium to market price. For SML Mahindra shareholders, this represents an expansion of their commercial vehicle business footprint.