Open Offer9 Jun 2026, 06:11 pm
Oxford Industries: Independent Directors deem open offer fair
AI Summary
The Committee of Independent Directors of Oxford Industries Limited has concluded its meeting regarding the open offer. After reviewing the public announcement, detailed public statement, and letter of offer, the committee has determined that the open offer, initiated by Saroj Kumar Choudhury to acquire up to 15,45,271 equity shares at ₹5 per share (representing 26% of the total share capital), is fair and reasonable. The open offer price is ₹5 per share.
Key Highlights
- Independent Directors reviewed open offer details.
- Open offer price set at ₹5 per share.
- Acquisition represents 26% of total share capital.
- Committee deems the open offer fair and reasonable.
Price Impact
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