Announced Wed, 10 Dec · 17:05 IST
Withdrawal
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+15.1%1-day move
₹6.94
prior close
₹7.39
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-5.3-6.6-7.2-6.2+15.1+10.4+6.6+5.5+11.4+10.7-4.9-13.4-31.0-41.8
Up moveDown movePending
AI summary
Variman Global Enterprises has withdrawn its earlier proposal to acquire 7,600 equity shares of Cultnerds IT Solutions Private Limited through a share-swap basis. The acquisition had been approved by shareholders at an EGM on 05.07.2025 and had received BSE in-principle approval on 24.11.2025, but the preferential issue on swap basis did not materialize and has lapsed. The company has formally informed BSE of this withdrawal.
Likely market impact
Minor neutral impact — the deal will not proceed, so no dilution or share-swap will occur from this transaction. Shareholders retain their current stake with no change in capital structure.