Introduction

In two thousand seven the promoters of new dely telivision, or nd t v, penoroy and radica roy, made an offer to buy back shares from their existing investors. But this immediately trigered someting called an open offer. What is an open offer? Well, according to capital markets regulations, promoters have to abide by a few rules when they are buying large junks of a publicly listed company. One rule relates to minority shareholders. If you are a minority shareholder in a company holding a few hundred stocks, then you have every right to exit an investment if you believe a massive change in the ownership structure could have an impact on the company's future. The