Open Offer15 May 2026, 03:23 pm
Kwality Walls: Magnum's Open Offer Sees 1,42,126 Shares Accepted
AI Summary
Kwality Walls (India) Ltd received a post-offer advertisement from Magnum Ice Cream Company HoldCo 1 Netherlands B.V. regarding its open offer to public shareholders. The offer, managed by Kotak Mahindra Capital Company Limited, closed on May 7, 2026. Out of the proposed 61,08,93,729 equity shares, only 1,42,126 shares were tendered and accepted at a price of ₹21.33 per share. The acquirer and persons acting in concert held 61.90% of the voting share capital prior to the offer.
Key Highlights
- Magnum Ice Cream's open offer for Kwality Walls saw acceptance of 1,42,126 shares.
- The offer price was ₹21.33 per equity share.
- Kotak Mahindra Capital Company Limited managed the open offer.
- The acquirer held 61.90% of Kwality Walls' voting share capital before the offer.
- The open offer closed on May 7, 2026.
Price Impact
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