Offer price
Also written Offer price (direct acquisition)
The highest of the negotiated price, the acquirer's 52-week VWAP, its highest price in 26 weeks, the 60-trading-day market VWAP where frequently traded, a registered valuer's price where not, and the per share value…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- ControlIn the beneficial-ownership tests, the right to appoint a majority of directors or to control management or policy decisions — the limb that catches an owner holding no shares at all.
- Escrow accountThe security an acquirer must deposit before a takeover open offer — 25% of the first Rs 500 crore of consideration plus 10% of the balance — so that the money to pay tendering shareholders is ring-fenced.
Where this is taught
Free preparation for NISM Series IX← All terms