This is what was said several days ago, although if RCI have rejected the new Jindal conditions, perhaps that gives Jindal leverage to drop the price.
"The Directors of Rocklands Richfield Limited (RCI) advise that Jindal Steel & Power Limited (Jindal) has recently written to RCI confirming its interest in acquiring RCI at $0.56 per share."
If the offer is to be shaved down, I would be hopeful it doesn't go below 42c, which at least gets my dollars back. But I cannot see Benny accepting 42c, it makes his options worthless.
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