StockWatch
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Non Banking Financial Company (NBFC)
Open Offer7 Aug 2026, 11:20 pm

Kuber Udyog: Acquirers Launch Open Offer for 26% Stake at ₹23.35

AI Summary

Mr. Manav Bahri, Mr. Dinesh Popli, and Mr. Ajay Dutta, along with Trimudra Trade & Holdings Private Limited (PAC), have announced an Open Offer to acquire up to 3,19,71,680 equity shares of Kuber Udyog Limited, representing 26.00% of the expanded voting share capital. The offer price is ₹23.35 per share, totaling ₹74.65 crore. This open offer is triggered by a Share Sale & Subscription Agreement dated August 7, 2026, and a proposed Preferential Issue, which will result in the acquirers gaining substantial control over Kuber Udyog. Systematix Corporate Services Ltd has been appointed as the Manager to the Offer.

Key Highlights

  • Open Offer launched for 26% stake in Kuber Udyog.
  • Offer price set at ₹23.35 per equity share.
  • Total offer value amounts to ₹74.65 crore.
  • Triggered by share sale agreement and preferential issue.
  • Systematix Corporate Services appointed as Manager to the Offer.