SNC just wants to get control over 1AG and hence have been...

SNC just wants to get control over 1AG and hence have been buying - but with this demerger now they are left with only 20% of that demerged portion as they won't be able to keep buying that part any longer...

the shell that will be listed will be of no use to them to control and hence they are trying to throw as much spanners as possible in the works now...

I think the management knew about their intention and hence spin offed the revenue generating business... I am sure once that is done SNC will stop buying and actually try and exit ASAP after the demerger... this shell may not be of any interest to them IMO...