16 Jun 08 Ranbaxy Open Offer Details

Ranbaxy Laboratories has informed the stock exchanges that Daiichi Sankyo has proposed to acquire the entire 35% stake in Ranbaxy labs which is currently held by the promoters of Ranbaxy. This will trigger an open offer as per SEBI’s Takeover Code. Daiichi Sankyo has offered Rs. 737 per share of Ranbaxy labs. The stake sale to Daiichi Sankyo will be followed by a preferential allotment of shares at a price of Rs. 732 per share and then a warrant issue at a price of Rs. 737 per warrant. These warrants will then be converted to fully paid up equity shares over a period of six to eighteen months. More details on the Ranbaxy open offer price and open offer date will be updated here in the coming few days.

27 Dec 07 Canara Bank Open offer price for Can Fin Homes revised

Canara Bank Open offer price for Can Fin Homes stands revised as per an announcement made by Canara Bank to the stock exchanges. The revised Can Fin Homes open offer price stands at Rs 78 per share. Canara Bank will buy the shares of Can Fin Homes from the shareholders of Can Fin Homes who participate in this open offer for a cash consideration of Rs. 78. The closing date of the Canara Bank Open offer price for Can Fin Homes remains unchanged and hence the open offer will close on January 07, 2008 as scheduled earlier.

27 Dec 07 Balmer Lawrie Open Offer price announced

Balmer Lawrie Open Offer price has been fixed today by Grief International Holding which proposes to acquire a little less than 20% stake in Balmer Lawrie VanLeer and delist the shares of Balmer Lawrie after the open offer. In an announcement made today, the Balmer Lawrie VanLeer Open Offer price has been fixed at Rs. 70 per share of face value Rs. 10 each. Share prices of Balmer Lawrie VanLeer remained stagnant at close to Rs. 67 today on the BSE. There is an arbitrage opportunity and investors can make Rs. 3 per share through the Grief International Holding open offer for Balmer Lawrie VanLeer. However there is a risk of the open offer failing in which case the prices of Balmer Lawrie VanLeer’s shares are bound to fall. Balmer Lawrie Open Offer record date has not yet been announced. The record date will be updated here as soon as it has been announced by the company.

13 Dec 07 TV18 open offer price for Infomedia India fixed

Telivision Eighteen (TV18) has fixed the Infomedia India open offer price. TV18 open offer price for the shareholders of Infomedia India Limited has been fixed at Rs. 237 per share. TV18 will acquire upto 20% stake in Infomedia India through this open offer. Rs. 237 in cash will be paid to shareholders of Infomedia India who participate in this open offer and surrender their shares to TV18. This open offer offers an excellent arbitrage opportunity. However, investors must understand that only part of the stake that they have offered in the open offer might be accepted by TV 18 incase the shares surrendered in the open offer exceed 20% of the paid up capital of Infomedia India.

10 Dec 07 Indiabulls Real Estate Open Offer Price for Piramyd Retail fixed

Indiabulls Real Estate Open Offer Price for Piramyd Retail Limited has been fixed today. Indiabulls Real Estate will acquire shares from the equity shareholders of Piramyd Retail Limited who participate in the open offer at Rs. 47.73 per share. Piramyd Retail open offer opens on Saturday, February 02, 2008 and closes on Thursday, February 21, 2008. More details on the Piramid Retail open offer will be posted soon.

08 Dec 07 Tata Sons Open Offer Date for Tata Investment revised

Tata Sons has revised the open offer date for Tata Investment Corp Limited. The revised Tata Investment Open Offer opening date is Wednesday, December 12, 2007. The open offer made by tata sons is to acquire an additional stake of about 28.5% in Tata Investment Corp. Tata Sons open offer price has been fixed at Rs. 600 per share. The open offer is inattractive to the shareholders of Tata Investment corp since the open offer price fixed by Tata Sons is about 12% lower than the current market price of Tata Investment orp. Hence investors will make more money by selling their stake in the open market through the stock exchanges rather than surrendering the shares by participating in the Tata Sons Open Offer. The opinion in the market is that Tata Sons is likely to increase the open offer price to close to Rs. 650 taking into account the current trading price of Tata Investment Corp Limited.

04 Dec 07 Bajaj Electricals Open Offer Price Fixed

The Bajaj Electricals Open Offer Price has been fixed at Rs. 389 per share. Mr. Rahul Bajaj, Mr. Shekhar Bajaj, Mr. Madhur Bajaj and Mr. Niraj Bajaj will acquire upto 12,10,000 shares of Bajaj Electricals from the shareholders of Bajaj Electricals at the open offer price mentioned above. This announcement was made by Yes Bank which is the manager to the Bajaj Electricals Open Offer. The Open Offer opens on January 24, 2008 and closes on February 12, 2008.

04 Dec 07 Ranbaxy fixes Zenotech Laboratories Open Offer Price

Zenotech Laboratories Open Offer Price has been fixed at Rs. 160 per share.  Ranbaxy Laboratories Ltd will pay Rs. 160 in cash to shareholders of Zenotech Laboratories who surrender their shares by participating in the open offer. This announcement was made by Rabo India Securities which is the manager to the Zenotech Laboratories Open Offer. More details about the Zenotech Laboratories Open Offer will be posted soon.

28 Nov 07 Garware Offshore Open Offer Price fixed

Garware Offshore Open Offer Price has been fixed at Rs. 230 per share. IndiaSTAR, a Mauritius based company has made this open offer to the shareholders of Garware Offshore Limited. HSBC Securities and Capital Markets is the manager of the Garware Offshore Open Offer. The open offer opens on January 01, 2008 and closes on January 21, 2008. IndiaSTAR will pay Rs. 230 in cash to the shareholders of Garware Offshore who participate and surrender their shares in the open offer.

23 Nov 07 Jagson Airlines Open Offer price fixed

Jagson Airlines Open Offer price has been fixed at Rs. 20.11 per share. Mefcom Capital Markets, the Manager of the Jagson Airlines Open Offer has made a public announcement stating that Jagson International along with Mr. J. P. Gupta, Mr. Pradeep Gupta, Ms. Ravinder Hora and Gagar Holdings have made the open offer to the shareholders of Jagson Airlines. Jagson Open Offer opens on January 03, 2008 and closes on January 24, 2008.

23 Nov 07 SRF Polymers Open Offer Price fixed

SRF Polymers Open Offer Price was fixed by the board of SRF Polymers in its board meeting held today. Bhairav Farms and Narmada Farms have made the open offer to the shareholders of SRF Polymers. Shareholders of SRF Polymers will get a cash consideration of Rs. 180 (open offer price) per share if they participate and surrender their shares in the open offer. Enam Securities is the manager to the open offer. The open offer opens on January 17, 2008 and closes on February 05, 2008.

14 Nov 07 Avon Organics Open Offer price fixed

The open offer price for the Avon Organics Open Offer has been fixed by the board of Avon Organics in consultation with Ashika Capital Limited, the manager of the open offer. Avon Organics Open Offer price has been fixed at Rs. 20 per equity share of face value Rs 10 each. Arch Pharmalabs Limited will acquire the shares of Avon Organics from the shareholders of Avon Organics Limited who participate in the open offer. The open offer opens on December 26, 2007 and closes on January 14, 2008.
 

07 Nov 07 Softpro Systems Open offer price fixed

Ind Global Corporate Finance, the manager to the Softpro Systems Open offer has made a public announcment stating that Sahasra Investments along with Mr. G Bala Reddy and Mrs. G Velangini Mary have made an open offer to the shareholders of Softpro Systems to acquire  20% of equity share capital of Softpro Systems at a price of Rs. 150 per share. The Softpro Systems Open offer opens on December 28, 2007 and closes on January 16, 2008.

05 Nov 07 JK Investo Delisting Floor price fixed

JK Investo Trade (India) Limited has informed the stock exchanges that the board of JK Investo has fixed the floor price for the Delisting offer. The JK Investo Delisting Floor price which has been fixed in accordance with the SEBI guidelines on Delisting is Rs. 170 per share. The shares of JK Investo will be bought back using the open market purchases route.

23 Oct 07 Splash Media Open Offer Price fixed

Ashika Capital Limited who are the managers to the Splash Media Open Offer have come out with an anoouncement saying that Arun Dagaria and Chirag Shah will make an open offer to the shareholders of Splash Media Works Ltd and the price for the same has been fixed. The Splash Media Open Offer Price has been fixed at Rs. 120 per share. Arun Dagaria and Chirag Shah will acquire 20% stake in Splash Media Works through the open offer.