The last date for the public announcement for competing offers stands at September 21 and, if everything goes right, the tendering period for open offer will commence on October 17. The company intends to make a cash offer at a price of Rs 294 per share to acquire up to 16,762,530 shares, representing a 26 per cent stake.
Sebi bars Vijay Mallya from accessing securities market for 3 years
According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market