Kuber Udyog: Open Offer Draft Letter of Offer Filed
Systematix Corporate Services Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to BSE for Kuber Udyog Ltd's equity shareholders. The open offer aims to acquire up to 3,19,71,680 equity shares, representing 26% of the expanded voting share capital, at ₹23.35 per share. This offer is being made under SEBI (SAST) Regulations, 2011, by Acquirers Mr. Manav Bahri, Mr. Dinesh Popli, Mr. Ajay Dutta, and PAC Trimudra Trade & Holdings Private Limited. The Draft Letter of Offer dated August 21, 2026, is being filed with SEBI, and the offer is not conditional on minimum acceptance or a competing offer. Approvals are not currently required, but the offer is subject to obtaining them if necessary. The offer price may be revised upwards.
Key Highlights
- Open offer to acquire 26% of Kuber Udyog Ltd at ₹23.35 per share.
- Draft Letter of Offer submitted to BSE and SEBI.
- Offer made by Mr. Manav Bahri, Mr. Dinesh Popli, Mr. Ajay Dutta, and Trimudra Trade & Holdings.
- Offer is voluntary and subject to potential price revision.
- No minimum acceptance condition or competing offer.
Price Impact
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