So all this facade of “solely a financial investment – deploying our cash to get best returns” mask of Minda Corp, gone way more quickly than I anticipated…Now this smells like a typical hostile takeover scenario which will have its own set of peculiarities, including regulators, public and not so public give and takes, potential buybacks, potential white knight etc etc. If the current promoters decides to fight this out (as they claimed in concall post 15.7% stake purchase by Minda), it would be a one heck of a ride…
And here comes the response… Pricol board meeting slated on 18th May is now preponed to 10th May… getting interesting
https://www.bseindia.com/corporates/anndet_new.aspx?newsid=390c56b0-defd-46bb-a047-4e873a228d37
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