StockWatch
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Non Banking Financial Company (NBFC)
Open Offer16 Sept 2026, 03:08 pm

Cubical Financial Services: Open Offer Price Set at ₹2.50

AI Summary

Corporate Makers Capital Limited, acting as Manager to the Offer, has submitted a Pre-Offer Advertisement for Cubical Financial Services Limited (Cubifin). The open offer is to acquire up to 3,77,44,200 equity shares, representing 26% of the emerging equity capital, at an offer price of ₹2.50 per share. An additional applicable interest of up to ₹0.021 per share will be paid due to a delay in payment, calculated from September 15, 2026, to the proposed payment date of October 15, 2026. This delay is attributed to the time taken to receive prior RBI approval for the change in control and management. The Detailed Public Statement was previously published on May 21, 2026.

Key Highlights

  • Open offer to acquire 26% of Cubical Financial Services at ₹2.50 per share.
  • Applicable interest of up to ₹0.021 per share due to payment delay.
  • Payment delay caused by RBI approval for change in control.
  • Offer price to be paid in cash.
  • Independent Director Committee recommendation and pre-offer advertisement published.