Tag
Ashish Begwani
5 articles
Ashish Begwani’s acquisition of a controlling stake in Kkalpana Plastick is reshaping ownership and governance at the company, triggering a mandatory open offer for an additional 26% stake at ₹28 per share. The transaction, finalized on July 7, 2026, sees Begwani gaining 98.58% ownership and effectively becoming the new promoter, necessitating future compliance with minimum public shareholding norms. This move, managed by VC Corporate Advisors, represents a significant shift in control and could signal strategic changes for Kkalpana Plastick, though the offer price is below an independent valuation of ₹12.71, potentially impacting investor sentiment.
Ashish Begwani Open Offer for 26% of Kkalpana Plastick
Mr. Ashish Begwani launches open offer to acquire 14.37 lakh shares (26% stake) in Kkalpana Plastick Ltd at ₹28 per share.
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Ashish Begwani Kkalpana Plastick Open Offer
Ashish Begwani makes mandatory open offer for 26% stake in Kkalpana Plastick Ltd at ₹28/share, triggered by acquiring 72.58% from promoters.
Offer size is ₹4.02 crore for 14,37,420 shares, with tender
Ashish Begwani Open Offer for 26% of Kkalpana Plastick
Mr. Ashish Begwani launches mandatory open offer for 26% stake in Kkalpana Plastick Ltd at ₹28/share, triggered by a 72.58% acquisition from outgoing promoters.
The open offer, managed by VC Corporate
Kkalpana Plastick Promoters Sell 72.58% Stake Triggering Open Offer
Promoters Bbigplas Poly and Sarla Surana entered SPA to sell 72.58% stake to Ashish Begwani on July 7, 2026.
Transaction triggers mandatory open offer for 26% of shares at ₹28 per share under SEBI SAS
Ashish Begwani's 26% Open Offer for Kkalpana Plastick
Mr. Ashish Begwani triggers a mandatory open offer for 26% of Kkalpana Plastick shares at ₹28 per share after acquiring a 72.58% controlling stake.
The open offer is for up to 14,37,420 equity shares