Archive · 22 Dec 2025
Banganga Paper Industries Announces Open Offer
Banganga Paper Industries, a small-cap stock, has announced a mandatory open offer to buy all of its public shares at ₹1.45 per share.
This offer is part of a bigger plan that includes the company's board approving several strategic moves.
These moves include increasing the authorized share capital, acquiring a stake in another company called CMJ Breweries, and even changing the company's name to Asgard Alcobev Limited.
The company's stock has been doing poorly over the past year and six months, but it has shown some improvement recently.
The total amount to be paid for the open offer is ₹5.04 crore.
The company is also planning to sell its stake in another company and move its office to a new location.
Shareholders will vote on these changes in January 2026.
Banganga Paper Industries announced a mandatory open offer to acquire 100% of its public shareholding at ₹1.45 per share.
The open offer is part of a series of strategic actions, including a preferential allotment of shares and a proposed change in control.
The company's board approved the acquisition of a 78.90% equity stake in CMJ Breweries through a share swap arrangement.
The stock has lost 28% in the last year but has shown recent positive returns, rising 9% in the last 3 months and 10% in the past month.
An extraordinary general meeting is scheduled for January 14, 2026, to seek shareholder approvals for the proposed changes.
- Who
- Banganga Paper Industries
- What
- Announced a mandatory open offer to acquire 100% of the company’s existing public shareholding at ₹1.45 per share
- When
- The open offer is triggered after the board approved a preferential allotment of shares
- Where
- The company is planning to shift its registered office from Nashik, Maharashtra, to Shillong, Meghalaya
- Why
- The open offer is part of a series of strategic and corporate actions linked to a proposed change in control
- Open Offer Price
- ₹1.45 per share
- Total Shares Offered
- 3,47,88,000
- Total Consideration
- ₹5.04 crore
- Current Share Price
- ₹54.41
- Market Capitalization
- ₹651.05 crore
- 52-Week High
- ₹90.27
- 52-Week Low
- ₹38
- Share Price Change (1 Year)
- -28%
- Share Price Change (6 Months)
- -27%
- Share Price Change (3 Months)
- +9%
- Share Price Change (1 Month)
- +10%