Fundraise / allotmentNotableFiled on BSE ·

Kuber Udyog: open offer corrigendum, allotments of shares and warrants at ₹23.10

Kuber Udyog · Finance

Arthneeti Research DeskPublished 1 min read
26.00%Fundraise / allotment

Key highlights

  • Open offer for up to 3,19,71,680 equity shares (26.00% of expanded voting share capital) at ₹23.35 per share, by Acquirers and PACs.
  • Target Company allotted 7,62,85,000 equity shares at ₹23.10 to Acquirers as consideration other than cash, towards 100% of Golden Ikon Fleet Management Private Limited.
  • Also allotted 3,95,50,000 equity shares at ₹23.10 for cash and 37,00,000 convertible warrants at ₹23.10 per warrant; warrant allottees include Acquirers and PAC 1.

Why it's rated notable: no figure in the filing to size it as major

Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.

Original filing

Updates on Open Offer

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.