10 December 2009
What do you mean "Open Offer" which a company is to bring after acquiring any other company. when it is necessary or it is always necessary ?
Also clear the distinction between PSU and Govt comp.
Suppose if an investor wants to acquire shares of a company above 2%(not sure about the percentage) , then he has to go for open offer in the market, because there is sebi guideline that a person cannot purchase more than 2% shares of the company through stock market directly. He has to get the approval of SEBI to go for open offer with an amount which is more than the market price of the share.
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