What will happen if I don’t participate in the current take over of TCNS Clothing Co Ltd? Is there any risk involved If I don’t tender my shares?
@ShubhS9 – Please let us know about this.
There’s no risk other than the fact that the open offer is at a higher price than the cmp. You can simply tender your shares and buy back from the open market using the proceeds.
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Last date to Buy for open offer participation is 22 August 2023 if your broker accepts bids on offer closing date till 3.30 pm otherwise better to buy by 21 August 2023. …after open offer on completion of some regulatory formalities by co , all left over shares in the hands of non promoters will Merge with Aditya birla fashions and retails ltd .
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If I tender 10 shares for the takeover how much will be accepted? Is there any ratio?