{"id":344530,"date":"2020-04-01T10:37:05","date_gmt":"2020-04-01T05:07:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344530"},"modified":"2020-04-01T10:37:05","modified_gmt":"2020-04-01T05:07:05","slug":"abb-power-products-may-be-a-good-bet-to-gain-from-open-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/abb-power-products-may-be-a-good-bet-to-gain-from-open-offer\/","title":{"rendered":"ABB Power Products may be a good bet to gain from open offer"},"content":{"rendered":"<p>Mumbai: ABB Power Products and Systems (ABPPS) could be a good bet at the current market price of Rs 750 as ABB Switzerland and Hitachi have together launched an open offer to acquire a fourth more in the local company at a premium of about 14 per cent.<\/p>\n<p>The offer is at Rs 851 per share. The acceptance ratio in ABPPS would be 100 per cent as promoters hold 75 per cent stake in the company.<\/p>\n<p>ABPPS, the demerged power grid business of ABB, was listed on both BSENSE -0.27 % and NSE on Monday. Shares of ABPPS ended 5 per cent higher at Rs Rs 749.70 with 1.12 lakh buy orders at BSE and 1.82 lakh buy orders at NSE with no sellers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: ABB Power Products and Systems (ABPPS) could be a good bet at the current market price of Rs 750 as ABB Switzerland and Hitachi have together launched an open offer to acquire a fourth more in the local company at a premium of about 14 per cent. The offer is at Rs 851 per share. The acceptance ratio in ABPPS would be 100 per cent as promoters hold 75 per cent stake in the company. ABPPS, the demerged power grid business of ABB, was listed on both BSENSE -0.27 % and NSE on Monday. Shares of ABPPS ended 5 [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-344530","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344530"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344530\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}