Shares of Inland Printers will remain in focus, as the open offer from Kiran Kumar Rameshbhai Patel and Bhavesh Ramanlal Patel to acquire 19.21 lakh shares, representing 26.62 per cent of the paid-up capital of the company, began on Monday. The offer, priced at ₹5 a share, will close on March 16. The stock closed at ₹8.25 on the BSE. The open offer was mandatory after the acquirers had agreed to buy out the promoters’ entire 55.98 per cent stake at ₹2.50 a share.
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.