It seems Minda Corp has big plans for Pricol but since Pricol promoters are against this acquisition, it could be long drawn affair. History of such hostile takeovers suggests that investors of acquiree company are the winners in the long run as acquirer has to keep on increasing the price to make it attractive for minority shareholders(and promoters too) to sell their shares to the acquirer.
But in the short run, it could be negative for the company as its leadership focus can be taken away from business as they pay more attention towards fending off potential takeover
Disclosure - Got interested post stake purchase by Minda… added in watchlist
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