Company Update

KU

Kuber Udyog Ltd539408 · Filed with the exchange

Manav Bahri, Dinesh Popli, Ajay Dutta, and Trimudra Trade & Holdings Private Limited have launched an open offer to acquire 3.19 Cr equity shares, representing 26% of Kuber Udyog Limited, at ₹23.35 per share, for a total of ₹74.65 Cr.

This offer is triggered by Kuber Udyog's acquisition of Golden Ikon Fleet Management Private Limited for ₹176.23 Cr via share issuance to the acquirers and a preferential issue.

Kuber Udyog is diversifying from its NBFC business into fleet management and has applied to surrender its NBFC license, marking a significant business shift.

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