No Open Offer, since there is no change in Promoter or shareholding of Maha Rashtra Apex. It is similar to a divestment or sale of a subsidiary investment, and as far as i have read the brand is being sold, not the company (correct me on this, if needed).
What might be interesting, will the sale proceeds be used to pay off shareholders of Kurlon Enterprises, and if that happens, what will Maha Rashtra Apex do with the proceeds? Is there any visibility on this? If Yes, and if complete (not scraps) proceeds can come to the Maha Rashtra Apex shareholders, then it can be a good deal hopefully.
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