Prabhhans Industries530361Acquisition deal news
Prabhhans to acquire 100% of Mtow Mobility and Reown Device via share swap worth Rs.117.16 crore
100%Stake acquired
- Target Companies
- Mtow Mobility Private Limited and Reown Device Private Limited
- Acquisition Extent
- 100% of paid-up equity share capital of each company
- Consideration
- Issue of up to 2,83,68,750 equity shares at Rs. 41.30 per share, aggregating Rs. 1,17,16,29,375
- Warrant Issue
- Rs. 13.81 crore warrant issue authorized
- Authorized Capital Increase
- Authorized capital hike to Rs. 38 crore
Prabhhans to acquire 100% of Mtow Mobility and Reown Device via share swap worth Rs.117.16 crore.
₹ 1,17,16,29,375/-Aggregate cost of acquisition
Cost of acquisition - REOWN₹ 73,51,40,000/-
Cost of acquisition - MTOW₹43,64,89,375/-
REOWN incorporation
MTOW incorporation
Board meeting
Also from Prabhhans Industries
Board approves proposal for change of name to Exigo Cleantech Solutions or Exigo Cleantech, subject to approvals
3 Oct 2026
Board approves proposal for change of company name to Exigo Cleantech Solutions Limited or Exigo Cleantech Limited
3 Oct 2026
Open Offer at INR 41.30 per share for 54,82,248 shares (15.84%) after share-swap preferential issue
1 Oct 2026
More numbers
- Aggregate cost of acquisition₹ 1,17,16,29,375/-
- Cost of acquisition - MTOW₹43,64,89,375/-
- Cost of acquisition - REOWN₹ 73,51,40,000/-
- Equity shares to be issued (swap)2,83,68,750
- Issue price per equity share₹41.30/-
- Stake acquired100%
- MTOW shares acquired25,000
- REOWN shares acquired10,000
- MTOW turnover FY2025-26Rs. 3,844.48 Lakhs
- Warrant issue sizeRs 13,81,48,500/-
- Warrants to be issued3,345,000
- Increased authorised capitalRs. 38,00,00,000/-
- Consideration₹ 1,17,16,29,375/-
Source: BSE · 30 Sep 2026
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