Open Offers

Religare board has no power to reject open offer for company: Burmans

The independent directors, however, have the powers to make a recommendation to the shareholders, lawyers said

Religare Ent sinks 7% as Burman family makes open offer for 26% stake

Burman family, which holds a controlling stake in Dabur, announced an open offer for a 26 per cent stake in Religare Enterprises for up to Rs 2,116 crore

Burman family makes open offer to acquire 26% stake in Religare Enterprises

In August, the family acquired a 7.5 per cent stake in Religare Enterprises for Rs 534, taking its total stake to 21 per cent

Ambuja Cements' open offer for Sanghi Industries to commence from Sept 29

Adani group-owned entity Ambuja Cements' open offer to acquire 26 per cent equity from the public shareholders of Gujarat-based cement maker Sanghi Industries would commence from September 29, according to a document. Ambuja Cements Ltd (ACL) would buy 26 per cent equity shares of Rs 10 each of Sanghi Industries from its public shareholders for a price of Rs 114.22 apiece. The offer would be worth up to Rs 767.16 crore, according to a Draft Letter of Offer. The offer price is at a premium of 5.12 per cent as the shares of Sanghi Industries on Monday settled at Rs 108.65 apiece on BSE. On August 7, shares of Sanghi Industries were at Rs 116.59, the highest in the last three months. The open offer will tentatively commence on September 29, 2023, and close on October 13, 2023, said the Draft Letter of Offer received by the target company from SBICAP Securities. On August 3, Gautam Adani-owned ACL announced to acquire 56.74 per cent stake in Sanghi Industries Ltd (SIL) from its existi

R Systems zooms 20% on Blackstone's open offer to acquire majority stake

Blackstone has made an offer for acquiring up to 57.17 million equity shares, representing 48.33 per cent of R Systems equity, at Rs 245 apiece.

Adani open offer for additional stake in NDTV starts Oct 17: JM Financial

Open offer for acquiring up to 1.67 crore equity shares will amount to Rs 492.81 crore, if fully subscribed

Ambuja Cements hits new high ahead of closure of Adani Group's open offer

The stock has surged 17 per cent in a month ahead of the closure of Adani Group's open offer on Friday, September 9

Adani Group's open offer lifts NDTV to 14-year high, stock hits upper limit

The existing promoter group (Roy family) of NDTV has claimed Adani group firms had acquired the stake without consulting its promoters, thus, there may be some legal repercussion ahead.

Escorts slips 8% in two days ahead of closure of open offer by Kubota

Till Friday, March 25, 2022, around 43.62 million equity shares had been tendered in the open offer, against 37.49 million shares proposed by Japan's Kubota Corporation

Sebi mulls easing 'open offer' pricing formula for PSU disinvestment

Pricing formula to discover open offer price may be eased

Sebi to reduce timelines for completion of buybacks, open offers

Also proposes shortening the share tendering process by five days in the case of both buybacks and open offers

United Breweries reverses gains, slips 6% post huge block deals

Around 39.76 million shares, representing 15 per cent of the total equity of United Breweries changed hands on the BSE, the exchange data shows

PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore

Carlyle has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share

BNK Capital hits 20% upper circuit as open offer priced at Rs 200 per share

In the past two trading days, the stock has rallied 33 per cent from the level of Rs 125.05 hit on Friday

Vedanta raises open offer price for Indian unit to Rs 235 per share

Anil Agarwal-led Vedanta Resources Plc on Tuesday raised the open offer price for buying shares in its flagship Indian firm to Rs 235 per share, nearly 4 per cent higher

Vedanta Resources promoters launch open offer for 10% of India unit

If Vedanta Ltd. holders were to accept share tenders for the entire 10%, the consideration for the deal would be Rs 5,948 crore

Open offers by listed companies decline 39% to Rs 9,000 cr in Apr-Oct

According to Sebi's latest monthly report, a total of 30 open offers for shares worth Rs 8,973 crore were made by the companies during the April-October this financial year (2020-21)

ABB Power open offer: What sparked it and why small shareholders are sore

ABB Power Products and Systems India is in the news due to a controversy over its open offer price. Here is an explainer on this issue:

Investors with physical securities can tender shares in buybacks: Sebi

The clarification came after Sebi received representations from investors, expressing concerns that they have not been able to participate in open offers, buybacks

Sebi extends relaxation in procedural norms for open, buyback offers

The regulator, in May, had granted one-time relaxations from strict enforcement of SAST Regulations and norms for buyback of securities through open and buyback tender offers