ICICI Securities Limited has Submitted to the Exchange a copy of detailed public statement in terms of Regulation 3(1) and Regulation 4 read with Regulation 13(4), Regulation 14(3), Regulation 15(2) and other applicable Regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, to the public shareholders of the Company.
STYLAMIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Japanese specialty chemicals company Aica Kogyo Company, Limited has made a mandatory open offer to acquire up to 44,06,496 equity shares (26% of voting capital) of Stylam Industries Limited at ₹2,250 per share, aggregating up to ₹991.46 crores. The offer follows Share Purchase Agreements signed on December 26, 2025, with promoter seller groups to acquire up to 67,79,224 shares (40% of voting capital) in two tranches, giving the acquirer joint control of the target. Stylam Industries manufactures interior and exterior surfacing products including laminates, decorative films, and melamine panels. The offer is not conditional on any minimum acceptance level and the acquirer has stated no intention to delist the company.
This is a change-of-control event with a foreign strategic acquirer (Japan-listed Aica Kogyo) taking joint control of Stylam Industries. The offer price of ₹2,250 per share provides public shareholders an exit opportunity; short-term stock price may react based on the premium over prevailing market price and whether the offer price is seen as attractive.