Kuber Udyog: Open Offer Announced for 26% Stake at ₹23.35/Share

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