Saffron Capital Advisors Private Limited ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Tejassvi Aaharam Ltd ("Target Company").

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

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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

+1.9%Reaction day

₹31.84

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%+0.9% vs market

Other Textile Products peers, median of 187sector+0.5%+1.4% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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StockMarketvs marketSectorvs sector

Reaction day

+1.9+1.1+0.9+0.5+1.4

Next day

-0.1+2.4-2.5+0.7-0.8

+0.5+2.1-1.7+0.8-0.4

-1.5+0.7-2.2+0.0-1.5

-3.3+3.1-6.4+0.7-4.0

-4.8+3.0-7.7+0.8-5.6

-1.0+2.6-3.6+0.3-1.3

15d

+32.3+3.2+29.1-1.1+33.4

+19.4+3.8+15.6-1.0+20.5

+29.7+13.1+16.6+1.0+28.8

+76.4+13.0+63.4-3.1+79.5

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

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

AI summary

Saffron Capital Advisors Private Limited, acting as Manager to the Open Offer, has submitted a copy of the Letter of Offer to BSE for the public shareholders of Tejassvi Aaharam Ltd (Target Company). This filing indicates that an open offer process has been formally initiated, which typically occurs when there is a change of control or substantial acquisition of the company. The specific offer price, number of shares sought, and other terms would be detailed in the full Letter of Offer document. Shareholders should review the complete offer details before making any decisions regarding their shares.

Likely market impact

This open offer filing signals a likely change in control of the company, which could lead to increased volatility in the stock price as shareholders evaluate the offer terms.