Announced Wed, 15 Jul · 17:25 IST
IDC says Lippi open offer fair, but flags market price much above offer price
Compliance View source PDF
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
-6.8%1-day move
₹247.85
prior close
₹224.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0——+0.0-6.8-6.6-1.9+3.0+8.0+4.9————
Up moveDown movePending
AI summary
Independent Directors Committee of Lippi Systems says the open offer at 56.84 rupees per share by 5 Dholu family acquirers for up to 33.82 lakh shares (25.05 percent stake, worth about 19.22 crore rupees) is fair and reasonable as per SEBI rules. However, BSE closing price on July 13 was 232.50 rupees, far above the offer price. Shareholders advised to evaluate independently before tendering.
Likely market impact
Offer price of 56.84 rupees is far below market price of 232.50 rupees. Shareholders should think carefully before tendering.