An open offer from Keshav Kantamneni to the shareholders of Uniply Industries will open on Thursday and end on May 27. Kantamneni plans to buy a 26 per cent stake (45,01,574 equity shares) for ₹13.50 a share. The committee of independent directors has said the offer price is fair and reasonable. As the share price hovers around ₹22, investors’ response would be interesting to watch. As of March-end, about 5,600 individuals hold a 21.50 per cent stake in Uniply.

comment COMMENT NOW