Announced Thu, 13 Aug · 14:15 IST
IDC recommends Open Offer price of Rs 355 per share as fair for Devinsu Trading shareholders
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The Independent Directors Committee of Devinsu Trading has reviewed and recommended the Open Offer by acquirers Jaison Vijay Shah, Mukesh Kumar Bothra, and Yora Gems and Jewellery as fair and reasonable. The offer is for up to 1,52,880 shares (26 percent of voting capital) at Rs 355 per share against face value Rs 10. It is made under SEBI Takeover Regulations. Shareholders are advised to evaluate the offer independently.
Likely market impact
Independent directors find the offer price fair. Shareholders should weigh the Rs 355 offer against the prevailing market price and decide independently.