Shares tendered account for nearly 11 per cent of the maximum open offer size of nearly 1.7 crore equity shares and represent around 2.8 per cent of the total number of shares of NDTV
Capital markets regulator Sebi had sought certain clarifications from merchant banker JM Financial on October 11 and the response is still awaited; an appeal related to the matter filed by Sebi is pending in the Supreme Court
In a stock exchange filing, Adani Enterprises has said that VCPL has urged SEBI "to provide its observations on the Draft Letter of Offer filed in relation to the Open Offer, in accordance with the SEBI (SAST) Regulations."