Tag
Manav Bahri
5 articles
A mandatory open offer for a 26% stake in Kuber Udyog is underway, triggered by the acquisition of Golden Ikon Fleet Management and subsequent share issuances to the acquirers, Manav Bahri, Dinesh Popli, and Ajay Dutta. The offer price is set at ₹23.35 per share, deemed fair and reasonable by the Independent Director Committee, though below the current market price. With a tendering period from October 28 to November 11, 2026, and a total consideration of ₹74.65 crore, the move reflects Kuber Udyog's strategic shift from an NBFC to a fleet management company, pending RBI approval for registration surrender, potentially impacting investors' assessment of the company's future direction.
Kuber Udyog Open Offer for 26% at ₹23.35/share
Open offer by Manav Bahri, Dinesh Popli, Ajay Dutta and PACs to acquire 3.19 crore shares (26%) of Kuber Udyog at ₹23.35 per share.
Independent Directors Committee recommended the offer price as fair
Kuber Udyog IDC Recommends Rs 23.35 Open Offer
Kuber Udyog's Independent Director Committee unanimously recommends acceptance of open offer at Rs 23.35 per share for 26% stake.
Open offer made by Manav Bahri, Dinesh Popli, Ajay Dutta and PACs for
Kuber Udyog IDC Recommends Open Offer Acceptance
Kuber Udyog's Independent Director Committee unanimously recommends shareholders accept the open offer for 26% stake at ₹23.35 per share.
The offer price of ₹23.35 is higher than the ₹23.10 preferenti
Kuber Udyog 26% Open Offer at ₹23.35/Share
Mandatory open offer for 26% of Kuber Udyog by Manav Bahri, Dinesh Popli, and Ajay Dutta at ₹23.35 per share.
Offer triggered by Target Company's acquisition of Golden Ikon Fleet Management against sh
Kuber Udyog Open Offer for 26% at ₹23.35/Share
• Mandatory open offer for 3.20 crore shares (26% stake) in Kuber Udyog at ₹23.35/share triggered by acquisition of Golden Ikon.
• Offer triggered by SSSA where acquirers get 7.63 crore shares for Gol