An open offer under takeover provisions is required when an acquirer acquires a certain percentage of shares or voting rights in the target company, as specified by the SEBI Takeover Regulations. The minimum threshold for triggering an open offer is 25% of the voting rights in the target company, although this may vary depending on the circumstances of the acquisition.

In the process of an open offer, Corpwis Advisors, as merchant banker plays a crucial role in assisting both the acquirer and the target company. We help the acquirer prepare the offer document, determine the right pricing strategy, and market the offer to the public shareholders of the target company. On the other hand, we ensure that the target company complies with all regulatory requirements and guidelines and facilitates the settlement of the offer.