Below mentioned news report indicates reason for buyer freeze.The aim of this post is to be on the lookout for such news and undertake action in order to benefit from price increase.
Soma Tex founders make open offer at Rs 32 per share
Wednesday, 21 February , 2007, 11:01
Mumbai: The promoter group of Soma Textiles & Industries Ltd. on Wednesday made an open offer to buy 20 per cent of the company's equity capital at Rs 32 per share. The offer was being made after the group acquired a 11.2 per cent stake through open market purchase at an average price of Rs 28.06 a share on Feb. 19, the founders said in a public announcement.
REASON BUYER FREEZE SOMA TEXTILE
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