Open offers from listed firms hit 4-year high in 2011-12
NEW DELHI: Public shareholders in listed firms got open offers worth Rs 19,305 crore in the last fiscal, the highest in past four years, and largely dominated by offers made for change of management control at the companies. A total of 71 open offers, wherein public shareholders are made an offer for purchase of their shares by the acquirer in takeover or other substantial acquisition deals, were approved by Sebi ( Securities and Exchange Board of India) in 2011-12, market regulator has said Read more [...]