GE's open offer price to acquire Alstom's 26 per cent stake in Alstom India at Rs. 382.20 per share for a total amount of Rs. 668 crore is 16.2 per cent less that the stock's last closing price of Rs. 456.05 on the National Stock Exchange.
GE has offered Rs. 261.25 per share constituting a total amount of Rs1,674 crore for 25 per cent stake in Alstom T&D against Friday's closing at Rs. 271.75.
Alstom announced last week that it has received a binding offer from GE to acquire its energy business and said it is considering the proposed acquisition.
GE will indirectly acquire Alstom's 75 per cent stake in Alstom T&D and 68.6 per cent in Alstom India, if its bid to buy the French group's energy unit is successful, requiring the US group to launch tender offer as per Indian market rules.