In that case, SEBI clarified original shareholders as those persons who were shareholders of the target company as on the triggering date, and continue to be shareholders of the target company till the date of tendering their shares in the offer.
New shareholders, those who bought after the trigger date (July 21) and continue to hold the shares, will also be eligible to participate in the open offer but second to original shareholders.
New shareholders will not receive any interest payment.
How Will Interest Be Paid Out?
please click
https://www.bloombergquint.com/law-and-policy/2018/07/05/who-gains-from-sebis-order-for-an-ndtv-open-off
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Blog Caution Please do not take any investment decision based on the above comments
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