Jyoti Shares Jump 20% on Takeover Bid

Shares in Jyoti Ltd, a Vadodara-based electrical equipment company, jumped by its maximum daily limit of 20 per cent to Rs 76.20 after two individual shareholders made an open offer to acquire 1.28 crore shares in the company at Rs 63 per share.   "Lavjibhai Dungarbhai Daliya and Anjani Residency Private Limited have made an open offer to acquire 1.28 crore fully paid-up equity shares of Rs 10 each representing 75 per cent of fully p...