Bajaj Electricals open offer @ Rs 389/shareBS Reporter / Mumbai December 4, 2007Bajaj brothers - Rahul, Shekhar, Madhur and Niraj - promoters of Bajaj Electricals (BEL) have made an voluntary open offer to acquire 12.10 lakh shares of BEL Rs 389 per share, a discount to today's closing price of Rs 428, to consolidate their holdings.The offer to acquire 12.10 lakh shares (7.7% of voting rights) is in compliance with the Securities and Exchange Board of India
