What is an open offer and how is it priced?
The purpose of an open offer is to provide an exit option to the company’s shareholders since there is a change in control or substantial acquisition of shares
Mumbai: Adani Group has acquired 29.18% in broadcaster NDTV, and, as required by rules, launched an open offer to acquire an additional 26% from the company’s public shareholders for ₹294 per share. This is a 28% discount to Tuesday's closing price of NDTV shares.
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