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Kuber Udyog Limited acquisition involves Rs 176.225 crore share purchase by Manav Bahri, Dinesh Popli, and Ajay Dutta
07-Aug-2026, 11:30
Kuber Udyog Limited is set to undergo a significant acquisition, announced August 7, 2026, involving a public offer and preferential allotment of shares. The acquirers, Manav Bahri, Dinesh Popli, and Ajay Dutta, will directly acquire 7,62,85,000 equity shares, representing 62.04% of the expanded voting share capital, for a total consideration of Rs 176.225 crore. Additionally, the company will issue 12 lakh convertible warrants to the acquirers and Trimudra Trade & Holdings Private Limited, a Promoter and Allied Company, for Rs 2.772 crore in cash. Following the transaction, Bahri will hold 31.38% of the shares, with Popli and Dutta each holding 15.69%, and Trimudra Trade & Holdings holding 0.24%. The Open Offer is subject to regulatory approvals and may be adjusted, with the Detailed Public Statement expected to be published on or before August 13, 2026.
Kuber Udyog Limited is set to undergo a significant acquisition, announced August 7, 2026, involving a public offer and preferential allotment of shares. The acquirers, Manav Bahri, Dinesh Popli, and Ajay Dutta, will directly acquire 7,62,85,000 equity shares, representing 62.04% of the expanded voting share capital, for a total consideration of Rs 176.225 crore. Additionally, the company will issue 12 lakh convertible warrants to the acquirers and Trimudra Trade & Holdings Private Limited, a Promoter and Allied Company, for Rs 2.772 crore in cash. Following the transaction, Bahri will hold 31.38% of the shares, with Popli and Dutta each holding 15.69%, and Trimudra Trade & Holdings holding 0.24%. The Open Offer is subject to regulatory approvals and may be adjusted, with the Detailed Public Statement expected to be published on or before August 13, 2026.