Latest Update:
- Open Offer for 26% at Rs.578
- Existing Promoter Company is getting bought out by PE firm. The aggregate price paid for holding company comes out to Rs.515/share of Agrotech
- In Open Offer document they say – “The Equity Shares of the Target Company are not “frequently traded” within the provisions of Regulation 2(1)(j) of the SEBI (SAST) Regulations”.
Overall not good for non promoter, since there is no favorable exit price. Is the price incorrect? Maybe experts can weigh in on this.
Open offers take time to complete, and think this one might have some twists and turns 
Link – Open Offer Announcement
| Subscribe To Our Free Newsletter |
