Open offer (in 2023) for Capfin by promoters of EFC in their personal capacity:
While better approach for the benefit of minority shareholders would have been to make this open offer in the capacity of company (unless Capfin has nothing to do with EFC and is a separate business by promoters), I don’t see it a red flag per se if promoters eventually merge it into EFC (like they are doing for furniture businesses etc)- even though it would be at a much higher price than open offer price.
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