IDC says Rs 14.65 open offer price for Ortin Global is fair and reasonable

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

ORTINGLOBE · price

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AI summary

Independent Directors Committee of Ortin Global has recommended the open offer price of Rs 14.65 per share as fair and reasonable. Acquirer Mr. Parveen Satija is offering to buy 21,14,162 equity shares (26% of capital) from public shareholders at this price under SEBI takeover rules. Offer is managed by Rarever Financial Advisors.

Likely market impact

Public shareholders can tender shares at Rs 14.65 per share; IDC finds offer price fair and reasonable per SEBI takeover rules.