MAC Charles: Open offer begins on Thursday

The open offer from Embassy Property Developments Pvt Ltd to the shareholders of MAC Charles (India) opens on January 12 and closes on January25. The Bangalore-based realty firm has made an open offer to acquire a 24.7 per cent stake at ₹670 a share. The open offer was mandatory after the acquirer last year agreed to buy a 73.41 per cent stake in BSE-listed MAC Charles (India) from the hospitality company’s promoter CB Pardhanani for ₹644.34 crore.