Trio to take 62% of Kuber Udyog in Rs 176.225 crore deal
What's the deal? Manav Bahri, Dinesh Popli, and Ajay Dutta will acquire 7,62,85,000 equity shares in Kuber Udyog LimitedDealroom has a profile for this one. Try Dealroom → — 62.04% of the expanded voting capital — for Rs 176.225 crore. The transaction, announced August 7, 2026, runs through a public offer and preferential share allotment.
How it's structured: Alongside the share purchase, Kuber Udyog will issue 12 lakh convertible warrants to the three acquirers and Trimudra Trade & Holdings Private LimitedDealroom has a profile for this one. Try Dealroom →, a promoter and allied company, for Rs 2.772 crore in cash.
Who ends up with what? After the deal, Bahri holds 31.38%, while Popli and Dutta each take 15.69%. Trimudra Trade & Holdings retains 0.24%.
Why now? The Open Offer awaits regulatory approvals and may be adjusted. Its Detailed Public Statement is expected on or before August 13, 2026.
The signal: A concentrated ownership shift like this hands the trio majority control of the company, positioning them to steer its direction pending regulatory sign-off.
Read more: Balaji Equities
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