Announced Wed, 10 Dec · 17:05 IST

Withdrawal

Deal CancelledStrategic Transactions View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

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Variman Global Enterprises has withdrawn its earlier proposal to acquire 7,600 equity shares of Cultnerds IT Solutions Private Limited through a share-swap basis.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.