Cubical Financial Services Ltd — Important, 01-01-1970: Company Update

New acquirers Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi, along with their associated persons, have launched a mandatory open offer for Cubical Financial Services Limited (CUBIFIN). They aim to acquire up to 3.77 Cr shares, representing 26% of the emerging equity, at an offer price of ₹ 2.50 per share in cash. This follows their agreement to purchase 2.00 Cr shares from current promoters for ₹ 4.11 Cr and a proposed preferential allotment of 8 Cr shares to themselves for ₹ 20 Cr. Post these transactions and the open offer, the new acquirers and their group will hold approximately 94.94% of CUBIFIN, taking control and becoming the new promoters. The total funds needed for the open offer are 9.44 Cr.