Intimation under Regulation 30 and other applicable provisions of the SEBI LODR 2015 - Detailed public statement (DPS), with respect to the open offer made by Aica Kogyo Company, Limited 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.
On the reaction day the stock moved 3.2 pts less than Nifty Microcap 250 and 2.4 pts less than its Plywood Boards/ Laminates 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.
Stylam Industries has informed stock exchanges about a Detailed Public Statement (DPS) for a mandatory open offer triggered by Japan's Aica Kogyo Company, Limited. Aica Kogyo has signed Share Purchase Agreements (SPAs) with existing promoters of Stylam to acquire 27.12% from Seller Group 1 in two tranches and will become a joint promoter. As per SEBI takeover rules, Aica Kogyo is now making an open offer to public shareholders for up to 44,06,496 equity shares (26% of voting share capital) at ₹2,250 per share. The total open offer size works out to about ₹991.46 crore if fully subscribed. Stylam Industries is a Chandigarh-based listed company making laminates, prelam boards, exterior cladding and acrylic solid surfaces, while Aica Kogyo is a Japanese listed company in chemicals, laminates and building materials.
Public shareholders of Stylam Industries can tender their shares at ₹2,250 per share once the offer opens, representing a significant premium over prevailing market price. Aica Kogyo taking joint control signals a strategic foreign acquisition in the laminates space, which may be viewed positively by the market but could also trigger delisting concerns over time, though the acquirer has stated no intention to delist.