India Inc made 104 open offers in the last financial year that ended on March 31, the highest number of open offers over the last one decade ever since the Sebi came out with its takeover guidelines in 1997-98.
Collectively, these open offers were worth Rs 5,266 crore (Rs 52.66 billion), 12 per cent up compared with the previous year. However, in terms of number, the open offers almost doubled last year from that of the previous year. In 2004-05, 58 open offers were made worth Rs 4707 crore (Rs 47.07 billion).
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