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 permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an