Kuber Udyog Ltd — Important, 01-01-1970: Company Update

Kuber Udyog is undergoing a major business pivot, transitioning from an NBFC (with an application to surrender its license) into fleet management. This move is driven by the acquisition of Golden Ikon Fleet Management, for which Kuber Udyog will issue 7.63 Cr shares to Golden Ikon's promoters, valued at ₹176.23 Cr. As a result, Acquirers (Manav Bahri, Dinesh Popli, Ajay Dutta) and Trimudra Trade & Holdings are launching an Open Offer to public shareholders for up to 3.19 Cr shares, representing 26% of expanded voting capital, at ₹23.35 per share, totaling ₹74.65 Cr.