Shares of Upasana Finance will remain in focus, as the open offer from Rekha Jain, Bhavika Jain and Khushbu Jain has received a lukewarm response from Upasana’s shareholders. After buying out the promoters of Upasana Finance, the Jains had launched the mandatory open offer to pick up 26 per cent in the Chennai-based firm at ₹40 a share. Against 11.12 lakh shares, only 1.77 lakh shares (or 16 per cent), were tendered in the offer. Investors will look for further action.

(This article was published on July 20, 2017)
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