As per the post open offer advertisement, company will acquire 24.99% from public and increase their stake to 82.7%. If they do make a delisting announcement, which seems logical, won’t the price jump as investors will rush to buy? (out of the available 17% float, 5% has been cornered by an institution).
Does anyone know what happens if they don’t opt for delisting - will they be allowed 3 years time to dilute stake to 75% like it is permitted for newly listed companies?
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