Stocks

GE open offer begins for Alstom T&D

| Updated on January 19, 2018 Published on January 18, 2016

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Shares of Alstom T&D will remain in focus, as the ₹1,926-crore open offer from the US major began on Monday. Through the offer, which closes on February 1, GE plans to acquire 6.40 crore shares at ₹300.98 a share. Since the open offer is much lower than the prevailing market price, a committee of independent directors had said that shareholders should make informed decision. Retail investors hold 6.55 per cent stake in the firm.

Published on January 18, 2016
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