Kuber Udyog: Corrigendum filed for Open Offer of 26% stake

Systematix Corporate Services Ltd, acting as the Manager to the Offer, has submitted a Corrigendum to the Pre-Offer Public Advertisement for an open offer to acquire up to 3,19,71,680 equity shares of Kuber Udyog Ltd, representing 26.00% of the expanded voting share capital. The offer price is ₹23.35 per equity share. The corrigendum also details updates on statutory approvals, including RBI's acceptance of the cancellation of NBFC Certificate of Registration. Furthermore, the Target Company has approved a preferential allotment of 7,62,85,000 equity shares for consideration other than cash towards the acquisition of Golden Ikon Fleet Management Private Limited, making it a wholly-owned subsidiary. Additionally, 3,95,50,000 equity shares and 37,00,000 convertible warrants have been allotted on a preferential basis for cash consideration to persons other than promoters.