RSSUTV Software Delist Price To Be Overhauled By Disney, According To Analysts
Walt Disney Company may decide to revise the prices on which it has decided to delist UTV Software. This change in the course of action was brought about by a negative response from investors upon hearing the original delisting price of Rs 1,000 per share for the software entertainment company. UTV Software's stocks rose by 4 % and the software entertainment firm has outdone the Indian benchmark SENSEX, in the past six trading sessions. Analysts say that the offer price will most likely be revised and will only go upwards. Market analysts also stated that a meaningful increase would be unlikely as Disney's offer for UTV Software is already at 71 per cent premium to the average stock prices over the last year.
Photo source Loren Javier
