Open Offer22 Apr 2026, 02:22 pm
Kwality Walls: Open Offer for 26% Shares at ₹21.33/Share
AI Summary
Kotak Mahindra Capital Company Ltd, as the manager to the open offer, announced an open offer for the acquisition of up to 61,08,93,729 equity shares of Kwality Walls (India) Ltd, representing 26% of the voting share capital. The offer price is ₹21.33 per equity share, payable in cash, by The Magnum Ice Cream Company HoldCo | Netherlands B.V. along with Magnum ICC Finance B.V. and The Magnum Ice Cream Company N.V., acting as persons in concert. The offer opening advertisement was released on April 22, 2026. The committee of independent directors recommends that the offer price is fair and reasonable.
Key Highlights
- Open offer for 26% of Kwality Walls' equity shares.
- Offer price is ₹21.33 per equity share.
- The Magnum Ice Cream Company HoldCo is the acquirer.
- IDC recommends the offer as fair and reasonable.
- Offer opening advertisement released on April 22, 2026.