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Thursday, Oct 10, 2002

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Kodak UK's open offer closes today

Our Bureau

MUMBAI, Oct. 9

KODAK UK's open offer to acquire the public shareholding of Kodak India at Rs 350 a share will close on October 10.

Kodak UK had made a public offer to the shareholders to acquire 2.8 million shares aggregating 25.24 per cent of the paid-up capital of Kodak India. Kodak, UK, intends to delist Kodak India from the stock exchanges once the public shareholding in Kodak India falls below 10 per cent.

Kodak India's total income and net profit for the half-year ended June 30, 2002, were Rs 405 crore and Rs 6.47 crore respectively. Total income and profit after tax for the year ended December 31, 2001 were Rs 735.6 crore and Rs 21 crore respectively.

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