Open Offer

Can an open offer be allowed for less than six percent shareholders? Case against Sebi order reaches SAT

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