Shares of Cimmco will remain in focus this week, as the open offer from Titagarh Wagons to delist the shares begins on Friday. The latter has offered ₹15.50 a share to buy 25.08 per cent stake or 50.53 lakh shares in Cimmco. Despite the stock price ruling at ₹44 on the BSE, the committee of independent directors of Cimmco said the offer price is fair and reasonable. It remains to be seen how Cimmco’s shareholders respond given it is ruling higher than the offer price.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.