Magnum HoldCo Kwality Open Offer 26% at INR 21.33

Kwality Wall's received Letter of Offer for mandatory open offer by Magnum HoldCo 1 Netherlands B.V. to acquire 26% equity shares at INR 21.33 per share.
The open offer follows completion of underlying acquisition of 61.90% stake from Unilever group sellers for EUR 278.55 million on March 30, 2026.
Offer price of INR 21.33 determined by independent valuers represents highest negotiated price under SEBI SAST Regulations.
Tendering period scheduled from April 23 to May 7, 2026 with maximum consideration of INR 1,303.04 crore assuming full acceptance.