IKAB Securities

Note: There is very little information about this company available in public sources.

IKAB Securities is into purchasing of shares of listed companies.

Mr Madhusudan Kela (veteran stock market investor) is taking over control and has become a promoter through share purchase agreement and open offer

Share purchase agreements were at Rs 47 and open offer was at Rs 51

No shares were tendered in the open offer

Old promoters have resigned

Company name is to be changed to MK Ventures Ltd

Address of registered office is changing

Interestingly, this is the address of MK Ventures (Mr Madhusudan Kela’s family office) and Invexa Capital LLP

Disc- have a tracking position

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I failed to understand what is the special situation here. If anything, the special situation is long gone. Share price is ruling above Rs 900 level. It would have been very interesting during the open offer period.

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