AKG Exim Shares Jump 4.9% After Open Offer Announcement at ₹15 Per Share

Mumbai, October 10, 2025: AKG Exim Limited (NSE: AKG) stock jumped close to 5% to ₹14.02 in early trades after investor Kalapi Vinit Nagada issued an open offer to acquire a 26% ownership in the company at ₹15 per share in cash. The open offer was triggered by Nagada’s agreement to buy the remaining shares from the existing promoter, Mahima Goel.

AKG Exim Limited was established in 2005 and has been a publicly traded company on the National Stock Exchange (NSE) since 2021. It is a trading and distribution company that trades a variety of goods and commodities both locally and internationally. The company is based in Gurgaon, Haryana, and is constantly expanding its trade network in various markets.

Structure and Value of the Open Offer

In line with the offer, Nagada plans to acquire 82.62 lakh equity shares, fully paid in cash, of AKG Exim, representing 26% of the company’s voting equity share capital. The offer price would be ₹15 per share, resulting in a total consideration of ₹12.39 crore, assuming full acceptance of the open offer. The open offer will be financed in cash, and Sun Capital Advisory Services Pvt. Ltd. will manage it.

Triggering Transaction and Promoter Stake Sale

The open offer follows Nagada signing a shareholder agreement on October 9, 2025, to acquire 73.39 lakh shares (23.10%) from promoter Mahima Goel at ₹13 per share, totaling ₹9.54 crore. If this transfer is completed, Goel’s stake will reduce to 14.30% of the share capital. Concurrently, Nagada would gain effective control of AKG Exim, with his shareholding potentially rising to 49.10% if the open offer is fully subscribed.

Market Reaction and Stock Performance

As of 12:00 PM IST, AKG Exim shares were trading at ₹13.95, up ₹0.58 or 4.34% from the previous close of ₹13.37. The stock hit an intraday high of ₹14.11 and a low of ₹13.26, with a VWAP of ₹13.79. Over the past year, the stock has traded between a 52-week low of ₹11.24 and a high of ₹22.60. The company’s market capitalization stands at ₹44.55 crore.

Outlook

The open offer reflects strong investor confidence and could enhance liquidity in AKG Exim’s shares. If the transaction goes through, the change in control may drive a new strategic direction. However, near-term stock price movements will largely depend on how investors perceive the offer price.

REF: https://nsearchives.nseindia.com/corporate/team_lshetty_10102025105833_AKG_PA.zip

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