Cubical Financial Services: Open Offer for 26% Stake at ₹2.50
Cubical Financial Services Ltd announced an open offer to acquire up to 3,77,44,200 equity shares, representing 26.00% of the fully diluted equity share capital. The offer price is ₹2.50 per share, payable in cash. The offer is being made by Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi, along with Persons Acting in Concert (PACs), pursuant to SEBI (SAST) Regulations, 2011. The offer is unconditional and not subject to a minimum acceptance level or competing offers. The Letter of Offer, detailing terms and conditions, has been submitted.
Key Highlights
- Open offer to acquire 26% stake in Cubical Financial Services.
- Offer price set at ₹2.50 per equity share.
- Acquisition by Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi.
- Offer is unconditional and not subject to minimum acceptance.
- Details provided in the Letter of Offer dated September 09, 2026.
Price Impact
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