SEBI Orders 5 Entities To Make An Open Offer To Saurashtra Cements’ Shareholders
Advertisement
Advertisement
Advertisement
In In its order, SEBI has asked them to make an open offer of 20% at Rs 33.94 per share to Saurashtra Cements’ public shareholders. The shareholders, at the time of violation, will get an extra interest of 10% per annum since 1998.
“In view of the delay in making the open offer… the above noticees shall, along with the consideration amount, pay interest at the rate of 10 per cent annum, from the date of incurring the liability to making the public announcement till the date of payment of consideration, to the shareholders in the target company on the date of violation and whose shares have been accepted in the open offer, after adjusting dividend, if any, that was paid,” said Prashant Saran, whole-time member of SEBI.
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market