StockWatch
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Non Banking Financial Company (NBFC)
Open Offer10 Sept 2026, 01:03 pm

Cubical Financial Services: Open Offer for 26% Stake at ₹2.50

AI Summary

Corporate Makers Capital Limited, acting as Manager to the Offer, has submitted a Letter of Offer to BSE regarding an open offer for Cubical Financial Services Ltd. Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi, along with associated parties (PACs), are making the offer to acquire up to 3,77,44,200 equity shares, representing 26.00% of the company's equity share capital. The offer price is ₹2.50 per share, plus applicable interest of up to ₹0.021 per share. This open offer is being made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is not conditional on a minimum acceptance level or a competing offer.

Key Highlights

  • Open offer launched for 26% stake in Cubical Financial Services.
  • Offer price set at ₹2.50 per share plus applicable interest.
  • Acquirers: Manoj Agrawal and Amit Kumar Saraogi.
  • Offer complies with SEBI (SAST) Regulations, 2011.
  • No minimum acceptance condition or competing offer.