It is not possible to return the shares and buy from the open market. In order to complete the take over, they must buy 20% from the investors thru open offer. At this stage, they have no other go except paying Rs736 a share even if the market price is a lot more cheap!!.. So nothing to worry. It is a matter of time before they pay money. In any case, you would get interest for the delayed payments!!...

Cabinet nod for Daiichi`s purchase of Ranbaxy

BS Reporter / New Delhi October 3, 2008, 18:59 IST



The Cabinet okayed Daiichi Sankyo`s purchase of Ranbaxy today.


Earlier, Daiichi had agreed to accept Ranbaxy shares from the open market as well as its promoters for Rs 737 a share.

At 1.24 PM, the company`s share at the Bombay Stock Exchange was trading at Rs 269, up nearly 7 per cent from the previous close.

...

Expect some more downfall in this stock. ...

What you say may be true if Daichi is interested in increasing their holding from current levels.

We should go buy the fundamentals rather than these open offers!...

While I was not a great fan of this sector few months back, I suppose it is now time to slowly start picking up for long term. There is going to be some more downslide in this sector and it is worth keeping this in mind while investing.

There may be a recovery in this sector starting next fiscal year and ofcourse it may not be as bull as it was....

Daichhi is also liable to pay interest after 23rd September 2008. So let them delay the payment and we get 737 + interest also. ...

All pharma stock shd be blast very soon watch out...

As you say the probability of further down fall cannot be ruled out. The fundamentals are very much in place, still 200% cum dividend, split announcement is still awaited to be implemented, reserves and earnings are good enough for likelihood of a liberal bonus in near future, now it could be the time of the revival of the market scenario globally, so also for the Indian equity markets and so also for the Jyothy Laboratory stock, let us hope so. ...

Downside is very limited in my opinion in this sector and particularly for Parsvnath. Now it should move upward. Roti, Kapra aur Makaan are three basic needs of human being. Specially in India Demand for housing will never slow down. Today I have bought some shares of Parsvnath to average my earlier purchases. Hope it will show some shine. Kyunki Raat ke baad hi to savera hota hai. Hai na.....

Now there............ How much stale is this news of clients addition?????? LOL Cheers!! ...