Motilal Oswal files pre offer ad for Restaurant Brands Asia open offer
RBA · price
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On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 0.7 pts more than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Motilal Oswal Investment Advisors has filed a pre offer advertisement and a corrigendum to the detailed public statement with the Exchange for an open offer to the public shareholders of Restaurant Brands Asia. The submission follows Regulation 18(7) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations 2011. A corrigendum is a correction or amendment to the earlier public statement.
Public shareholders of Restaurant Brands Asia should review the corrigendum and open offer terms carefully before deciding to tender their shares.