NDTV open offer: Adani firms make open offer for acquiring 26% stake in NDTV for Rs 294 per share
Related Posts
Along with two other entities, Adani Enterprises has made an open offer to buy a 26 per cent stake in NDTV for Rs 294 per share.
“Vishvapradhan Commercial Private Limited, along with AMG Media
and , collectively referred to as “PACs” in their capacity as the persons acting in concert with the acquirer, have announced an open offer for the acquisition of up to 1,67,62,530 fully paid-up equity shares of the face value of INR 4 each from the public shareholders of the target company,” , which is managing the open offer, said.
A BSE filing said the open offer is at Rs 294 per equity share aggregating to a total consideration of up to Rs 492.8 crore payable in cash.
The offer price is higher than the price determined in accordance with Regulation 8(2) of the SEBI (SAST) Regulations, JM Financial said.
MORE TO COME…
Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.
