SAT remits Federal-Mogul's open offer price back to Sebi
- Sebi had asked Tenneco to increase the open price for acquiring shares of FMG India from to ₹608.46
- Minority shareholders claimed FMG has exclusive patented technology solutions to meet emission norms
Shareholders of auto components maker Federal-Mogul Goetze (India) Ltd or FMG have something to cheer about as the Securities Appellate Tribunal (SAT) has referred the regulator's determined open offer price for a fresh look.
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