Open Offers

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.

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

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

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.

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

Pricing formula to discover open offer price may be eased

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

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

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

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

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

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

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

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

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

As per the regulatory norms, the proposed acquisition will attract the obligation to make open offer under the Takeover Regulations.

Why is the open offer of a few hundred crores the biggest obstacle in the way of the acquirer?

A total of 73 open offers for shares worth Rs 11,766 crore were made by the companies in the financial year 2015-16