Aica Kogyo makes ₹2,250/share open offer for 26% of Stylam Industries

Listed Co AcquisitionOpen Offer TriggeredMarquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

STYLAMIND · 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

+0.4%Reaction day

₹2220.00

prior close

₹2216.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%+0.4% vs market

Plywood Boards/ Laminates peers, median of 11sector-0.1%+0.5% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.5 pts more than its Plywood Boards/ Laminates 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

+0.1

10m

+0.2

15m

+0.5

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.4-0.0+0.4-0.1+0.5

Next day

+1.4+2.5-1.1+1.4-0.1

+1.1+3.7-2.6+2.6-1.5

+1.1+4.9-3.8+4.4-3.3

+0.9+4.3-3.4+3.8-2.9

+1.3+5.5-4.2+3.2-1.9

+1.1+6.6-5.5+3.9-2.7

15d

+4.3+10.3-6.0+8.3-4.0

+13.3+7.7+5.6+2.3+11.0

+47.9+13.7+34.3+3.5+44.5

+46.1+19.1+27.1+5.1+41.0

UpDownMarket · Nifty Microcap 250Sector · Plywood Boards/ Laminates peers, median of 11Pending

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

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.