I agree Ahmed. Why do they want a controlling stake when they...

I agree Ahmed. Why do they want a controlling stake when they already have 60%. Can;t see the point of it. They would only buy if they wanted it all.

The may want a stake pending a 3rd party takeover for ITC to make a profit - would think this likely. Its just too hard if the takeover deosn;t come.

If ITC were to be taken over by another party it would be subject to the JV terms anyway so no controlling stake needed.

This is a takeover attempt.