TI Investments have reportedly bought out shares of the Shanthi promoters (over 40%) at Rs 81. The price of Shanthi increased from low 50's to 67 by triggering circuit breaker every day. However, it stopped increasing at 67 & is now at 69.
I was expecting it to approach 81, but it has not.
Why?
Is TI required to offer share purchase from minority share holders at least at the price at which it has bought promoters' shares?
What are market expectations about share prices of Shanthi?
dataman
I was expecting it to approach 81, but it has not.
Why?
Is TI required to offer share purchase from minority share holders at least at the price at which it has bought promoters' shares?
What are market expectations about share prices of Shanthi?
dataman