Shares of Orient Abrasives will remain in focus at the bourses in the next few days, as the open offer to its shareholders kicks off on Monday. Bombay Minerals, subsidiary of Ashapura Minechem, and two others, along with Lambassa Global Opportunity Fund, are offering ₹29.50 a share to buy 3.11 crore shares (or 26 per cent stake in the company). The open offer closes on September 4. Currently, close to 9,900 individual shareholders hold 33.76 per cent stake in Orient Abrasives.
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.