Couple of things I wish to understand:
- How come the open offer is at a price higher than what the management sold at? 325 vs 285! Does it indicate the short term base for the stock? with the new promotors willingness to purchase price 325
- Also why did the price run up during the late Friday trade, it seems the deal got leaked yet the market price kept inching up… was the market hoping to extract more for surrendering their shares… however point 6.3 in the PAC clearly states “The Open Offer is not conditional upon any minimum level of acceptance pursuant to the terms” of Regulation 19(1) of the SEBI (SAST) Regulations.
- What is the background of the new acquirers; can they really take this to the next level?
| Subscribe To Our Free Newsletter |
