Announced Wed, 22 Jul · 19:09 IST
Bliss GVS: IDC recommends Anupam Rasayan open offer at Rs 299 as fair
BLISSGVS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.2%1-day move
₹447.50
prior close
₹450.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.2+0.7+1.8+3.2+2.0————————
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AI summary
Anupam Rasayan India with PAC Mates Visa Consultancy is making an open offer for 2.77 crore shares (26% of expanded voting capital) of Bliss GVS Pharma at Rs 299 per share, totaling about Rs 829 crore. Triggered by acquisition of 43.11% stake and change of control. IDC recommends the offer price as fair per SEBI rules, but notes the closing market price on July 17 was Rs 482.50 (BSE) and Rs 483.50 (NSE), well above the offer price.
Likely market impact
Open offer price Rs 299 is well below market price near Rs 483. Shareholders may prefer to hold or sell in market rather than tender.