PK Mukherjee, MD of Sesa Goa, in an interview with Udayan Mukherjee and Mitali Mukherjee, spoke about the latest happenings in his company and gave his outlook for the company going forward.
Below is a verbatim transcript of the interview. Also watch the accompanying videos Q: Why are you going ahead with this open offer with so much uncertainty around the royalty issue? Would it not have been more prudent to wait for a final clearance before proceeding with the open offer?A: This open offer is a precondition for concluding the transaction. It is one of the items that we need to fulfil. So far, we are extremely optimistic about the other issue mentioned that it will be all be approved and settled in due course of time. Q: Have you heard from Petronas on how they are approaching the open offer? Will they tender or not?
A: No. I have not checked about Petronas. I have not heard anything about that. Q: Part of the offer document says that the offer will be subjected to other approvals, if any become applicable before the completion of the offer. Is that not creating more confusion for some of your investors and their decision on whether or not they want to tender?
A: If there are non-resident shareholders, then they will require IRB
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