A day after it announced an investment of Rs 400 crore in Reliance Infrastructure (RInfra), the family of Anil Ambani is likely to make a tender offer in RInfra via the creeping acquisition route and invest another Rs 500 crore.
Creeping acquisitions refer to the purchase of company shares by its investors (usually, promoters or shareholders with significant holdings) over a number of small transactions, so as to increase the investors' stake in the company by an economically significant amount without requiring any disclosure or other action by the investors.
According to the markets regulator Securities and Exchange
Creeping acquisitions refer to the purchase of company shares by its investors (usually, promoters or shareholders with significant holdings) over a number of small transactions, so as to increase the investors' stake in the company by an economically significant amount without requiring any disclosure or other action by the investors.
According to the markets regulator Securities and Exchange