Shares of McNally Bharat Engineering will remain in focus, as the open offer from EMC Ltd along with MKN Investment Private Ltd, McLeod Russel India and others begins on Thursday. It is scheduled to close on September 2. The acquirers plan to buy up to 1.315 crore equity shares constituting 26 per cent emerging voting share capital of the target company. The offer price is ₹100 a share. A little over 16,000 retail investors own 32.95 per cent stake in the company.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.