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."
The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by JM Financial, which is managing the offer.