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merger $ acquisition

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(Querist)
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.
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CA Anand Sarda

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CA Anand Sarda (Expert)
10 December 2009 Dear Pratik,

I have some idea on this, hope this may help u.

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.

I am not 100% sure about this.

If i am wrong , pls let me know.

THanks
Regards -Anand
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Saurabh Aggarwal

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Saurabh Aggarwal (Expert)
21 July 2010 Agreed with Mr. Anand, but minimum % is 15% and not 2%.
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Saurabh Aggarwal

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Saurabh Aggarwal (Expert)
21 July 2010 Further, details in simple words are available on

https://investor.sebi.gov.in/faq/takeoverfaq.html
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