| Name | Piramal Enterprises |
|---|---|
| Special Situation Type | BuyBack |
| Special Situation SubType | Tender |
| Total Shares | 238,663,700 |
| CMP | 1,014 |
| SS Price | 1,250 |
| SS Shares | 14,000,000 |
| Promoter Shares | 103,780,693 |
| Promoter participating | No |
| Non-Promoter Shares | 134,883,007 |
| Probable Acceptance Ratio | 10.38% |
So with Promoter not participating the probable acceptance ratio is ~10%, it might go a few points higher if non-promoter also not participate, but the numbers are slim. Even if 50% non-promoters do not submit (highly unlikely), the ratio goes to ~20% acceptance.