Hi Nadakarni ,
If that news is right i.e.. any company acquire Accelya holdings world , then they must acquire promoter holdings of Accelya kale solutions India . As per SEBI take over rules it will be deemed as indirect acquisition will automatically triggers open offer to minority share holders . As promoters holds 74 percent stake they must announce mandatory open offer. There are certain regulations that stipulates the offer price . For ex they will consider a. acquirers offer price b. 26 weeks average traded price as on date of public announcement b.last two weeks average traded price . Final offer price will be highest among three .They should announce minimum 26 percent open offer . So ultimately it will be a case of delisting .
But as a matter of fact this open offer should announce after december 2013 only . At the time of acquisition of kale consultants , Accelya world holdings stated in the draft that they will not consider sell out option before completion of two years .
As per reports the deal size will be at 2100 crores . Public holds 36 lakh shares . So they have shell out 360 crores @ 1000 price .Considering the fundamentals i seriously doubt if any investor tender their shares at less than 1000 Rupees.
Let us see how the events will pan out .