Financial Daily from THE HINDU group of publications
Thursday, Oct 03, 2002
Financial Daily from THE HINDU group of publications Thursday, Oct 03, 2002 |
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Corporate
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Mergers & Acquisitions Markets - Open Offers Hindalco open offer for Indal from Oct 14 Our Bureau
MUMBAI, Oct. 2 HINDALCO Industries Ltd has informed the BSE that the company has revised the dates of the open offer for Indal. The specified date (for the purpose of determining the names of shareholders to whom the letter of offer will be posted) is August 16. The offer will open on October 14. The date of closing of the offer is November 12. Hindalco along with its wholly owned subsidiary Renukeshwar Investments & Finance Ltd is making a voluntary offer to the public shareholders of Indian Aluminium Company Ltd to acquire up to 18,182,507 fully paid-up shares of Rs 10 each representing 25.5 per cent of the paid-up equity share capital and being the balance outstanding equity share capital of Indal at a price of Rs 120 per share payable in cash subject to terms and conditions.
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