Announced Fri, 10 Apr · 19:27 IST
Aica Kogyo makes ₹2,250/share open offer for 26% of Stylam Industries
STYLAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹2220.00
prior close
₹2216.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.2+0.5+0.4+1.4+1.1+1.1+0.9+1.3+1.1+4.3+13.3+47.9+46.1
Up moveDown movePending
AI summary
Japan's Aica Kogyo Co. has launched a mandatory open offer to buy up to 44,06,496 shares (26% of voting capital) of Stylam Industries at ₹2,250 per share, totaling ~₹991 crore. The offer follows SPAs signed on Dec 26, 2025, to acquire ~40% from promoter groups at the same price. Aica becomes a joint promoter post-deal. Tendering period: April 22–May 6, 2026.
Likely market impact
Shareholders get an exit opportunity at ₹2,250/share. Stock may gravitate toward offer price; signals strong strategic interest from a global laminates player.