So since they own a combined 26.47 percent stake, selling this stake would necessitate an open offer to acquire another 26 percent from public shareholders. Was reading up on this SEBI rule and this is done to ensure that public shareholders have a fair opportunity to exit the company during substantial ownership changes, protecting the interests of minority shareholders. So if this goes through, will the new entity do a buy back? Does anyone know how this works and what is the potential impact during such scenarios?
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