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Wednesday, Mar 22, 2006


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Corporate - Open Offers
Industry & Economy - Fertilisers

Coromandel open offer to Ficom

Our Bureau

Hyderabad, March 21

Coromandel Fertilisers Ltd, which had entered into a share purchase agreement with the promoters of Ficom Organics Ltd recently to acquire controlling stake in the company, on Monday made an open offer to the Ficom shareholders to acquire up to 14.85 lakh shares of Rs 10 each, aggregating to 24 per cent equity, at Rs 15.85 a share. The offer will open on May 13 and close on June 1.

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