IDC recommends open offer price of Rs 1.25 per share as fair

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹2.47

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AI summary

Interactive Financial Services, manager to the offer, filed the Independent Directors Committee recommendations on Kaushik Joshi's open offer for Trio Mercantile. The offer is for up to 3.39 crore shares, representing 50 percent of paid-up capital, at Rs 1.25 per share. The IDC deems the price fair and reasonable under SEBI SAST Regulations, while advising shareholders to independently evaluate before tendering.

Likely market impact

Open offer at Rs 1.25 per share deemed fair by independent directors; shareholders should evaluate market performance before deciding to tender.