<p>Adani Enterprises is set to raise the amount it will pay <em>New Delhi Television Ltd (NDTV)</em> shareholders who sold their shares in the company’s open offer, to match the payment made to the news broadcaster’s founders - Radhika and Pannoy Roy - for their stake.</p>.<p>The company will pay an additional Rs 48.65 per equity share to investors who tendered their shares to the cement-to-ports conglomerate, to take the overall payout to Rs 342.65 for each share, the company announced through newspaper advertisements and an exchange filing on Tuesday.</p>.<p>This comes in compliance with clause 8(10) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates that the acquirer shall pay the difference between the highest acquisition price and the offer price to all the shareholders whose shares were accepted in the open offer, within sixty days from the date of acquisition.</p>.<p>“The decision to raise and match the price for minority shareholders is clearly motivated by requirements under the SAST regulations,” said Nirav Karkera, who heads research at the investment service provider, Fisdom. “It is overall healthy and bears well for all stakeholders in the transaction,” he added.</p>.<p>Investors showed willingness to sell nearly 5.3 million shares in the open offer between November 22 and December 5, at Rs 294 per share.</p>
<p>Adani Enterprises is set to raise the amount it will pay <em>New Delhi Television Ltd (NDTV)</em> shareholders who sold their shares in the company’s open offer, to match the payment made to the news broadcaster’s founders - Radhika and Pannoy Roy - for their stake.</p>.<p>The company will pay an additional Rs 48.65 per equity share to investors who tendered their shares to the cement-to-ports conglomerate, to take the overall payout to Rs 342.65 for each share, the company announced through newspaper advertisements and an exchange filing on Tuesday.</p>.<p>This comes in compliance with clause 8(10) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates that the acquirer shall pay the difference between the highest acquisition price and the offer price to all the shareholders whose shares were accepted in the open offer, within sixty days from the date of acquisition.</p>.<p>“The decision to raise and match the price for minority shareholders is clearly motivated by requirements under the SAST regulations,” said Nirav Karkera, who heads research at the investment service provider, Fisdom. “It is overall healthy and bears well for all stakeholders in the transaction,” he added.</p>.<p>Investors showed willingness to sell nearly 5.3 million shares in the open offer between November 22 and December 5, at Rs 294 per share.</p>