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Economictimes indiatimes-com

  1. 1. Indiatimes | The Times of India | The Economic Times | More | Log In | Join | Like 791k Follow News Stock Quote Stocks Type Company NameHome News Markets IPO Personal Finance Tech Jobs Opinion Features Slideshows Environment Blogs ET NOW Stocks Market Live Regulation Global Markets Forex IPOs/FPOs/Rights issues Bonds Money Markets Commodities Real Estate AnalysisMarket News Stocks in News Views/Recommendations Stock Quotes Market CalendarYou are here: ET Home » Markets » Stocks » Stocks in News22 JAN, 2013, 02.22PM IST, RAMKRISHNA KASHELKAR,ET BUREAUGSK Consumer open offer: Makes sense for investorsto go for it Story Comments Read more on » Stock | standard chartered | Retail investors | GSK Consumer Ads by Google 3 4 3 Top 12 Stocks to Buy Now - Panel of Recommend Tweet Share nations leading analy sts just announced their favorite picks MUMBAI: When promoters launch open offers to buy shares at a premium just to raise their stake, it is logical that retail shareholders should make the best of it. That is because the offer will not lead to any change Find us on Facebook in the business model or management structure nor will it lead to a delisting of the shares. Besides, the ET Market News premium valuation which it commands at the start of the offer because of the promoters desire to raise holdings slips once the offer period ends which in turn Like 12,042 people like this. Sign Up to see what implies that the stock price could slide later. your friends like. The ongoing open offer for GSK Consumers is a case LATEST FROM ET LATEST FROM WEB in point. GSK Consumers foreign promoters have launched an open offer at Rs 3900 per share to raise Oil & Gas stocks remain an attractive sector over ... their stake in the company to 75% from 43.16% at end Domestic investors continue to stay away from mark... December 2012. After the announcement in November Budget will be peak for markets after which we may... 2012, the stock has gained nearly 25% reducing the Expect market to crack in the medium term: Quantum... arbitrage opportunity — buying in the open market at a Risk reward for equity remains negative: Quantum S... lower price and selling in the offer to ensure a risk-free more »When promoters launch open offers to buy shares at apremium just to raise their stake, it is logical that retail gain.shareholders should make the best of it. As the surge in the stock price is mainly due to Hi there, EDITORS PICK arbitrage, the price will likely correct once the offer Login with your Facebook ID to see Prestige Estates Projects shares gain ahead of closes. This is more so because the companys what your friends are reading on business model or growth prospects are not going to Times of India and Economic Times. placement programme Pantaloon shares up; RBI eases norms for foreign see any significant change post the offer. investment in company "We see no change in GSK Consumers operations asthe process to launch new products in listed entity has been transparent," according to a report on thecompanys open offer from Standard Chartered. The report says that new launches from the company such asLucozade, Nutribar, Chill Dood and Foodles have not found much success and the non-core business stillcontributes only 6.5% of sales. The research house downgraded the stock with a target price of Rs 3600,indicating a correction once the offer closes.It is not uncommon for promoters to raise stake in listed entities through open offers. Last year, Tata Steel Strategies in Auto Industrylaunched voluntary open offers to raise stake in its subsidiaries Tinplate Company of India and Tata Sponge converted by
  2. 2. launched voluntary open offers to raise stake in its subsidiaries Tinplate Company of India and Tata SpongeIron. Both these stock which witnessed a run up when the open offers were underway, fell subsequently andare currently trading 14%-17% below their open offer prices — Rs 60 for Tinplate and Rs 375 for Tata Sponge.In the process Tata Steel raised its stake in Tinplate from 61% to 75% and in Tata Sponge Iron from 43.2% to54.5%.Given all these, it perhaps make sense for investors to go the open offer.High Yielding Stock Picks11 Dividend Paying Stocks from The Motley Fool. Learn to Invest Right! : Ads by Google Luxury carmakers like BMW, Audi go for Made in India tag Plan to localise production by assembling in India, known as CKD operations, helps Download ETs mobile applications for iPad, iPhone, Android, BlackBerry, Nokia and Windows Phone to track carmakers offer lower prices as imported parts news as it happens, live stock quotes, monitor portfolio, get market stats like gainers, losers and movers & much attract 10% duty. more. To check out free Economic Times apps , Click here M&M studying mkt for SUV Korando Lamborghini global sales jump 30% For Stocks in News, news updates, follow ET on Twitter Maruti to set up 2 units in Gujarat Honda plans 4 two-wheelers every yr in IndiaDo you like this story? Post a Comment Recommend Send 3 people recommend this. Sign Up to see what your friends recommend. Follow this topic PREVIOUS STORY NEXT STORY Jefferies cuts Ashok Leyland to Labour issues at Hero Learn How To Buy Stocks Free Workshop - Locations Near You. Learn The underperform MotoCorps Gurgaon plant Secrets Of Power Trading! : Jefferies has downgraded Ashok Leyland to "underperform" from "buy" and cut its target price to Rs worsen; stock down 21.8 from Rs 30.2. Shares of Hero MotoCorp continued to remain under Ads by Google pressure as the ongoing labour issue at its Gurgaon plant pushed the bulls on sidelines. MOST READ MOST COMMENTED MOST SHARED In This Section | Entire Website 1 Stocks that can be multi-baggers despite bein... 2 Reliance Communications deal with Reliance I... 3 Twelve stocks in focus in Monday morning trad... 4 GSK Consumer open offer: Makes sense for inve... 5 Fifteen stocks in focus in Tuesday morning tr... more » Slide Shows 1/6 more » Lost the purse? Use your mobile phone to arrange cash ET explains how a cell phone can be used for money transactions while you are on the move. News In Pics 1/3 more » Day in Pics: A satellite Mozilla unveils Firefox OS scavenging parts of defunct preview phones Keon & communication satellites Peak converted by
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