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Has the open offer for ABB Power bypassed Sebi rule?


Has the open offer for ABB Power bypassed Sebi rule?

SynopsisInvestors say the Rs 865.92 per share offered by ABB and Hitachi is Rs 124.27 less than the price calculated according to Sebi norms.

MUMBAI: The investors in ABB Power Products & Systems India have requested market regulator Sebi to examine the open offer price offered by promoter ABB and Hitachi as it is less than the price dictated by guidelines. ABB and Hitachi have offered Rs 865.92 per share after a global agreement was reached to sell ABB’s power grids business for about $11 ...


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