DYOR:
30% by HPPL was important at the time as FMG looked as a potential bidder with other possible bidders. This did not materialise and also as SH saw FMG weren't making a bid they all moved on, literally.
With less SH, HPPL can close offer period and wait minimum period and then take over remaining SH with a higher bid.
Ann: Change in substantial holding, page-26
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