Open Offer
Recent Highlights
All Stories for Open Offer
L&T's open offer to Mindtree's shareholders stuck in limbo over Sebi norms; regulator examining conditions for bid
Fp Staff •L&T entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32% stake in Mindtree and had also placed an order with brokers to pick up another 15% of the company shares from the open market.
Fortis acquisition: IHH Healthcare says it 'understands concerns' of minority shareholders over delay in open offer
•Malaysian firm IHH Healthcare on Friday said it "understands the concerns" of the Fortis Healthcare's minority shareholders over the delay in the open offer but stressed that it would proceed with the offer only when the stay is lifted by the Supreme Court
L&T’s Mindtree stake buy: SEBI, govt must protect tech firm’s small shareholders as infra giant can silence opposition
Muralidharan •The SEBI and ministry of corporate affairs must proactively come to the aid of small shareholders who stand to benefit immensely from the L&T offer as the counteroffer from Mindtree — buyback of shares — cannot match L&T’s offer.
Jet Airways-Etihad stake buy deal: SEBI says no reference received on relaxing rules
•The regulator's statement comes amid reports that relaxations have been sought by Gulf carrier Etihad for infusing additional funds into crisis-hit Jet Airways, which is listed on the exchanges
Govt not to participate in LIC's open offer to acquire 51% stake in IDBI Bank
•In October, LIC announced an open offer for acquiring 26 percent of equity in IDBI Bank at a price of Rs 61.73 per share, entailing total payout of over Rs 12,602 crore.
LIC's open offer to purchase shares from minority shareholders of IDBI Bank to begin from 3 December
•The open offer, at Rs 61.73 per equity share, will close on 14 December.
SEBI exempts Diageo Group from making fresh open offer to United Spirits' shareholders
•Diageo group was allegedly required to make an open offer due to the status of USL had changed from being an entity jointly controlled by the UB Group and the Diageo to a solely controlled entity of Diageo Group in November, 2015
Fortis Healthcare acquisition: Malaysian firm IHH’s open offer to commence on 7 September
•Earlier on 13 July, Fortis Healthcare board had approved Rs 4,000-crore offer from Malaysia's IHH Healthcare for 31.1 percent stake in it, valuing the cash-strapped firm at Rs 8,880 crore thus ending months of a takeover battle
Bayer launches open offer to buy up to 26% in Monsanto India at Rs 2,481.60 a share
•The offer price is 4 percent higher than the Monsanto India's closing rate of Rs 2,390 per share today on the BSE
IIFL Holdings shares vaults 20% to a 1-year high after Fairfax India open offer
Fp Staff •FIH Mauritius Investments to make an open offer to acquire over 8.31 crore shares of IIFL Holdings at a price of Rs 195 a share