Is it advisable to buy SANGHI industries today on 29.01 for participation in OPEN OFFER ending on 30.01 . will broker co-operate and adjust .
@ShubhS9 @KarthikAcharya @Pai
WILL SOMEBODY FROM zerodha PLEASE RESPOND ?
Hi Anil, the order window will be closed by 1PM on 30th Jan, 2024. Following the closure, all orders will be promptly submitted to the exchange. It’s important to note that if you choose to purchase shares today, they will be delivered to your demat account by end of day tomorrow. Your takeover order will not go through in this case.
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Adani Group is to have hostile takeover. There was no point of participation in OPEN OFFER by buying share of Sanghi Industries other than Adani Group.
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What’s the point to buy Sanghi Industries at inflated valuation even if Adani group is doing hostile takeover. Upcoming months, there might be merger of Ambuja cement and Sanghi Industries. It is advised (not recommended) to buy at discount price rather than paying full(baki apki marji).
I only wanted to enjoy arbitrage through this triggered and have no investment view . buy at 120.50 and sell at 121.90 where it is likely to have 90-100% AR.
normally big size brokers have cut off time on last date so not possible.