Kwality Wall's Open Offer for 26% at ₹21.33/Share

Kwality Wall's discloses open offer by Magnum HoldCo for 26% equity at ₹21.33/share, totaling acquisition of 61.09 crore shares.
Independent directors committee deemed offer price fair per SEBI SAST regulations, though market price was higher at ~₹25.22.
The underlying transaction for 61.90% stake was completed on March 30, 2026, making Magnum HoldCo the new promoter.
Open offer tender period runs from April 23 to May 7, 2026, with full escrow of ₹1,303.04 crore deposited for maximum consideration.