Triveni Engineering may exit or pay more for Sir Shadi Lal Enterprises
Tue, Apr 30, 2024 11:29 AM

Triveni Engineering may exit or pay more for Sir Shadi Lal Enterprises

A Flip by Riya Sharma
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Triveni Engineering & Industries Ltd (TEIL) may have to pay up more for acquiring a controlling stake in Sir Shadi Lal Enterprises (SSLE) than its current open offer, or exit its investment, as transaction at the current price remains unlikely, proxy advisory firm InGovern said in a report on Sunday.Triveni Engineering had made an open offer of ₹262.15 per share.

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