Buyers have to make open offer for upto 100% stake!

Corporate acquisitions in India could become costlier with market regulator SEBI mulling making it mandatory for acquirers to make an offer for up to 100 percent stake in any listed company.

Regulatory hurdles may delay ArcelorMittal`s open offer

Pending regulatory clearances may delay ArcelorMittal`s acquisition of additional stakes in Uttam Galva through an open offer, although the steel behemoth aims to complete the deal by mid-December.

ArcelorMittal`s open offer for Uttam Galva may get delayed

ArcelorMittal`s bid to acquire additional stake in Uttam Galva through an open offer may get
delayed in the wake of pending regulatory clearances even as
it aims to complete the deal by mid-December.

IL&FS makes open offer for Maytas Infra

Infrastructure major IL&FS, the
new promoter of Maytas Infra, on Wednesday made an offer to buy an
additional 20 per cent stake in the crisis-hit firm at Rs
112.80 a share.