alleryStart learning →For infrequently traded shares, who determines the offer price under Regulation 8(2)(e)?
AAcquirer and manager
BSEBI on its own
CStock exchange
DTarget's auditor
Answer & Solution
Correct answer: A. Acquirer and manager
Clause (e) lets the acquirer and the manager to the open offer fix the price using book value, comparable trading multiples and customary parameters.
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