Japan's Aica Kogyo to acquire 40% stake in Stylam at Rs 2,250/share; open offer triggered

Listed Co AcquisitionOpen Offer TriggeredStrategic 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

-2.4%Reaction day

₹2305.00

prior close

₹2289.70

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%-1.9% vs market

Plywood Boards/ Laminates peers, median of 11sector-0.0%-2.4% vs sector

On the reaction day the stock moved 1.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.9

10m

+1.4

15m

+0.4

30m

-6.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-0.5-1.9-0.0-2.4

Next day

-5.6-1.3-4.3-1.2-4.4

-5.2-1.4-3.8-1.4-3.8

-3.3+0.0-3.3-1.7-1.6

-2.3+0.2-2.5-0.1-2.2

-4.6+1.2-5.7-0.2-4.3

-4.6+0.8-5.4-0.9-3.8

15d

-5.8-5.1-0.7-8.2+2.4

-5.0-8.8+3.8-9.0+4.0

-3.7-4.5+0.8-9.2+5.5

-5.0-13.7+8.6-25.7+20.7

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

Promoters of Stylam Industries have signed deals to sell up to 40% stake to Japan's Aica Kogyo Company at Rs 2,250 per share in two tranches. SPA 1 covers 27.12% from Seller Group 1 (Pushpa, Dipti and Manav Gupta) and SPA 2 covers 12.88% from Seller Group 2 (Jagdish, Saru and Nidhi Gupta). A separate shareholders agreement gives Aica joint control after the first tranche, with rights to nominate up to 8 of 15 board directors. An open offer under takeover rules will follow at the same price.

Likely market impact

Change of control to Japanese acquirer. Open offer at Rs 2,250/share acts as a price floor. Watch for deal completion and board changes.