New Delhi, Dec. 22 -- Small-cap stock under Rs.100 Banganga Paper Industries share price is in focus after it announced a mandatory open offer to acquire 3,47,88,000 equity shares, representing 100% of the company's existing public shareholding, at an offer price of Rs.1.45 per share.

"This open offer is being made for acquisition of 3,47,88,000 fully paid-up equity shares, representing 100% of the existing public shareholding of the target company, at an offer price of Rs.1.45 per share," Navigant Corporate Advisors, manager to the offer, said.

Since 26% of the expanded equity and voting share capital exceeds the existing public shareholding, the offer size has been fixed at 100% of the public float. Assuming full acceptance, the total...