Companies made open offers worth over Rs 8,300 crore in January to buy shares from the public investors - highest in a month in nearly six years.
The offers were made by the promoters and other entities for either consolidation of their holdings or as part of a substantial acquisition of shares in listed firms.
However, no open offer was made during the month for change in the management control.
As per the latest data compiled by the market regulator Sebi, a total of 11 open offers for shares worth Rs 8,308 crore were made by the companies in January 2013. This is the highest cumulative amount for open offers made in a month since Rs 17,646 crore (for 10 open offers) in April 2007.
Eight offers, together worth Rs 7,209 crore, were made for consolidation of holdings in January this year. This is the largest in terms of number and value made for this category so far in the 2012-13 fiscal.
The other three open offers amounting to Rs 1,099 crore were made for substantial acquisition of shares in January.