Open offer: What is it and how does it provides an exit option for the shareholders
Updated: 27 Aug 2022, 09:53 AM IST
TL;DR.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.
The regulator also proposed to allow completion of open offer acquisition of shares through stock exchange settlement for all types of transactions, including bulk deals and block deals.