Financial Daily from THE HINDU group of publications
Friday, Feb 22, 2002
Financial Daily from THE HINDU group of publications Friday, Feb 22, 2002 |
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Markets
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Open Offers Corporate - Mergers & Acquisitions Zee's open offer for ETC at Rs 31.52 Our Bureau
MUMBAI, Feb. 21 ZEE Telefilms Ltd (ZTL) will make a open offer to the shareholders of ETC Networks Ltd to acquire up to 20 per cent stake (23.40 lakh shares) at Rs 31.52 per share. ZTL had earlier announced that it had acquired 48.32 per cent of the promoters' stake in ETC. Later, it it planning to acquire up to eight per cent through preferential allotment.
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