price of share

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29 November 2010 Dear All,

We are going to take 15% shares of Listed company (Listed on BSE). In this case what is the procedure and what will be the purchasing price of share?
Will it be before Six Months or Average of Six Months?
or The Current Market price of Share.

Aditya Maheshwari

Aditya Maheshwari (Expert)

29 November 2010 YOu can puchase shares as per market price. After the purchase you have to give an open offer to public which is higher of
- Negotiated price under Share Purchase Agreement (SPA)
- Highest Price paid by Acquirer or Person Acting in Concert (PACs) for any acquisition (including by way of allotment in a public or rights or preferential issue) during the 26-weeks prior to the date of the Public Announcement.
- The average of the weekly high and low of the closing prices of shares of Target Company on BSE, where it is most frequently traded, during the 26 weeks period preceding the date of the Public Announcement.
- The average of the daily high and low of the shares of the Target Company on BSE, where it is most frequently traded, during the 2 weeks period preceding the date of the Public Announcement.

vishwas gajanan chandhaikar

vishwas gajanan chandhaikar (Querist)

30 November 2010 Thank You Aditya.

Aditya Maheshwari

Aditya Maheshwari (Expert)

30 November 2010 YOu can also thank by using thank user icon.

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