Announced Wed, 24 Jun · 13:12 IST
Independent Directors say open offer at Rs 10 per share is fair
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
-3.3%1-day move
₹36.71
prior close
₹35.98
base price
In-mkt
timing
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+0.0+0.0+0.0+0.0-3.3-3.3-6.6-6.6-9.2-12.8-15.6-31.2——
Up moveDown movePending
AI summary
Three acquirers (Surbhit Shah, Amit Shah, Dhruvalkumar Patel) are making an open offer for up to 28.9 lakh shares (26% of expanded capital) of Rekvina Laboratories at Rs 10 per share, totaling about Rs 2.89 crore. The Independent Directors Committee deemed the price fair per SEBI norms but flagged that the BSE closing price of Rs 37.45 on June 23 is much higher. Shareholders are advised to evaluate independently.
Likely market impact
Offer price of Rs 10 is well below market price of Rs 37.45. Shareholders may prefer to hold rather than tender shares.