Emami will make an open offer to all the remaining equity shareholders of Zandu for acquiring 20 per cent equity at Rs 7,315 a share.
The stock made a new 52 week high at Rs 9,752.60, which was the 20 per cent upper circuit limit. The intraday low for the stock was Rs 8,400. The stock has gained about 42 per cent in the last one week.