Open Offer
Novartis AG to sell entire 70.68% stake for ₹1,445.89 crore in India unit; stock jumps 18%
Novartis India shares rose 18% after Novartis AG agreed to sell its 70.68% stake to a consortium, triggering a mandatory open offer. The open offer allows public shareholders to tender 26% of equity at ₹860.64 per share, marking a significant control shift.
3 min read20 Feb 2026Alert! Kotak Mahindra Capital has this update on the open offer by Manappuram Finance
SEBI has approved Bain Capital's open offer for a 26% stake in Manappuram Finance. The offer awaits RBI clearance and involves up to 24.42 crore equity shares. Payments to shareholders will occur within 10 days post-tendering, with interest applicable for delays.
2 min read23 Sep 2025Bain Capital to buy 18% stake in Manappuram Finance for ₹4,385 crore via preferential issue, deal triggers open offer
Bain Capital's transaction will trigger a mandatory open offer to purchase an additional 26 per cent stake in Manappuram Finance on an expanded capital basis (excluding warrants).
3 min read20 Mar 2025Blackstone to increase stake in THIS small-cap realty firm for ₹1,166 crore, sale triggers open offer
Blackstone Inc is set to buy a 40 per cent stake in THIS small-cap realty firm via a stake sale and an open offer, according to a BSE filing. The firm's shares have gained 22.60 percent in the last five market sessions.
2 min read14 Mar 2025Two Religare directors criticise haste in revealing Gaekwad bid; Saluja moves high court
Religare Enterprises' independent directors are unhappy with the company's rapid announcement of Danny Gaekwad's late bid. They argue that the company secretary acted improperly, potentially misleading shareholders during the open offer process, and called for more transparency.
4 min read30 Jan 2025Open offer: What is it and how does it provides an exit option for the shareholders
Adani Group announced an open offer to purchase an additional 26% from the company's public shareholders for Rs. 294 per share after acquiring 29.18% of broadcaster NDTV. Continue reading to know about the open offer in detail.
2 min read27 Aug 2022Wait for it…
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