Signals, Powered By EquityPandit
A day after it announced an investment of Rs 400 crore in Reliance Infrastructure (RInfra), the family of Anil Ambani is likely to make a tender offer in RInfra via the creeping acquisition route and invest another Rs 500 crore. Creeping acquisitions refer to the purchase of company shares by its investors (usually, promoters or shareholders with significant holdings) over a number of small transactions, so as to increase the investors’ stake in the company by an economically significant amount without requiring any disclosure or other action by the investors.
- CDSL Shares Gained 6% on Q4FY24 Business and Financial Updates
- Guide To Pick the Top F&O Stocks
- Birla Corporation Shares Rally 7% on Stellar Q4 Earnings
- Blue Dart Express Shares Traded 7% Higher After Its Q4FY24 Financial Results Release
- Tata Power Shares Slump 2% Despite Signing a PPA with SJVN
As per market regulator Sebi’s guidelines, a tender offer is mandatory when a promoter’s stake crosses the 25 per cent threshold. The preferential issue announced on Sunday will raise the Ambani family’s stake to 22 per cent from 5 per cent now–just short of the 25 per cent mark.
Stock Covered in the news
