Mutual fund transactions executed on stock exchange order entry platforms and tendering of shares in open offers through stock exchange platforms will also be covered under the DDPI, the Securities and Exchange Board of India (Sebi) said in a circular.
Open offers made by listed companies to buy shares from public picked up nearly 14 percent to Rs 9,676 crore in 2016, led almost entirely by issues towards change in control of management.
Open offers made by listed companies to buy shares from public shareholders dropped about 32 percent to Rs 11,766 crore in the last fiscal ended March 31, shows latest data published by market regulator SEBI
Open offers worth more than Rs 1,000 crore were made during the first five months of the current fiscal.
Buybacks, open offers, delisting very often in the case of many global MNC, what does that constitute and how does an investor take a studied call on whether or not they should tender or exit as the case maybe or actually stay invested? Experts discuss.