OCL Iron and Steel up 20%

The stock surged 20 per cent to close at Rs 30.10, after the open offer by Garima Buildporp Private Limited, along with Gateway Impex Private Limited, closed on November 30. The stock has appreciated 44 per cent in the last two days from Rs 20.95 on November 30.

Garima Buildporp had made an open offer to acquire 26.83 million equity shares, representing 20 per cent of the fully paid-up equity share capital of the target company, at a price of Rs 21 per share of face value of Re 1 each.