Open Offer

3A Capital Services has moved SAT against Sebi’s refusal to exclude non-selling promoters from its open offer in Sri Sarvaraya Sugars. Sebi has argued that once the 25 percent threshold is breached, an open offer to all eligible shareholders is mandatory.

Sebi panel recommends open offer process may be faster with quicker payout to investors

Currently, the overall timeline for completing an open offer is 62 working days, panel proposed to reduce this to 42 working days.

Sebi panel on Takeover Regulations reviews definition of control, no tweaks to open offer and creeping acquisition threshold

The panel has deliberated on issues related to acquisition of shares and takeovers based on judicial verdicts and instances in the corporate world, leading to a 600-page draft report which had been submitted some time ago.

Aadhar Housing hits record high after strong results, open offer by promoter Blackstone in internal transfer

The open offer price reflects a premium to the Rs 425 per share internal transfer price, and offers liquidity to public holders. The transaction will be considered complete after the approval from RBI, National Housing Bank and CCI.

SC gives US businessman Danny Gaekwad time till tomorrow to deposit Rs 600 cr in Religare matter

Gaekwad was earlier asked by the court to deposit the token Rs 600 cr by Wednesday

Danny Gaekwad seeks exemption from Religare Open Offer, proposes competing bid to Burmans

Danny Gakewad in his application has proposed that he is 'ready and willing to submit a genuine competing offer' for shares of Religare Enterprises at a price of Rs 275 per share.

Sebi approves Burman family's open offer for Religare, clearing the final hurdle - report

Sebi has reportedly approved the Burman family's open offer to raise their stake in Religare Enterprises to over 50 percent, following clearances from the RBI and other regulators. The offer, worth Rs 2,116 crore, is expected to launch in mid-January.

Religare acquisition: Burman family gets RBI nod for open offer to buy additional stake, but with conditions

The RBI nod is a significant step for the Burman family towards acquiring control of Religare, it does not include approval for proposed board changes, such as appointing new directors.

Coforge completes Cigniti open offer, now controls 32.68% of the company

Coforge said it expects to complete the acquisition by Q3FY25, subject to closing of the Purchase Agreement.

PSP Projects share price jumps 10% on news Adani may buy majority stake, launch open offer

PSP Projects has a market capitalisation of Rs 2,800 crore. Adani Group is reportedly in talks to acquire a controlling stake in the construction company, which is likely to trigger an open offer.

SAT orders Religare to apply for Burman Group's open offer by July 22

The latest development comes on the back of an appeal filed by Religare Enterprises to challenge an order by the Securities and Exchange Board of India (Sebi) that, among other things, directed the listed entity to apply for an open offer by July 12.

Company finds novel reason to duck open-offer: driven by "intense passion for Indian classical music"

Sebi busts company's reasoning, asks Rutmarg to make a public announcement for open offer

DFM Foods delisting offer successful, price set at Rs 467 a share

With this acquisition, Advent International Corp which earlier held a 73.70 per cent stake in DFM Foods through its subsidiary AI Global Investments (Cyprus) PCC now holds 96.18% stake in the firm. The tendering window was opened on 13 December and ended on 5 January.

Sebi directs IHH to get Delhi High Court nod to go ahead with Fortis open offer

The IHH-Fortis deal has been stuck due to a legal battle between Japanese firm Daiichi Sankyo and former promoters of Fortis Malvinder Singh and his brother Shivinder

Sebi approves Adani Group's open offer for 26% stake in NDTV

The offer will tentatively open on November 22 and close on December 5. The price fixed is Rs 294 per share, as per a recent regulatory filing by NDTV.

IHH hopes to soon float open offer for Fortis Healthcare, says its MD & CEO

The open offer could happen as early as this year. The Supreme Court’s final orders in the Daiichi Sankyo vs. Singh brothers case make no mention of the freeze on IHH-Fortis deal, suggest executives.

Droom and Aprameya Engineering withdraw IPO plans

Both the firms did not mention any reason for pulling the plans.

Burman family makes open offer to buy 26% additional stake in Eveready

The mandatory open offer under the takeover regulations was made as the Burmans acquired an additional 5.26 percent stake in Eveready Industries for Rs 122.30 crore, taking its total shareholding to 25.11 percent.

Strong hands participate in Vedanta's open offer 

Those investors who are holding on to their shares have little to worry about. While there is the hope that the promoter may improve the price next time around, the sector in which Vedanta operates is also doing well 

Vedanta: Open offer and expectations of higher dividend to support stock price

Vedanta is trying to bring down cost across segments and also working on improving volumes in a few of the segments like zinc and oil & gas

DFM Foods down 7% on open offer announcement by Advent International

The open offer for 1.3 crore shares having a face value of Rs 2 each at an offer price of Rs 249.50 per equity share. However, it is lower than Rs 270.20 at which DFM Food shares closed on BSE on Monday.

Opinion | Apart from the Jet Airways Etihad deal, Sebi’s new open offer norm is inconsequential

Sebi’s move has only cleared a contentious point and nothing changes on the ground

Sebi looking at open offer angle in Idea-Vodafone deal

In March, Vodafone India and Idea Cellular announced the merger of their operations to create the country's largest mobile phone operator worth more than USD 23 billion with a 35 percent market share.

As Manappuram's promoter looks to sell stake, stock rises 2%

The promoter’s stake is currently seen at 28.2 percent and some institution have shown interest in buying this stake, sources told CNBC-TV18.

ONGC may have to shell out at least Rs 44,000 cr for HPCL deal

The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.