Open Offer for Welspun Syntex at Rs.13

Stock Report	\| More
Open Offer for Welspun Syntex at Rs.13
Prime Securities Ltd ("Manager to the Open Offer") has announced Open Offer for acquisition of upto 1,02,02,288 (One Crore Two Lacs Two Thousand Two Hundred Eighty Eight Only) Equity Shares of Welspun Syntex Ltd ("Target Company") from the Public Equity Shareholders of the Target Company representing 26% of the Post Conversion Equity Share Capital of the Target Company as of 10th Working day from the Closure of the tendering period under this Offer by Krishiraj Trading Ltd ("Acquirer") along with Welspun Mercantile Ltd ("Person Acting in Concert" or "PAC"), in accordance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI (SAST) Regulations"). The Offer Price is Rs. 13.00/- (Rupees Thirteen Only) per fully paid up Equity Share. The Welspun Syntex Ltd stock closed the day at Rs.13.48, up by Rs.0.55 or 4.25%. The stock hit an intraday high of Rs.13.50 and low of Rs.13.05. The total traded quantity was 0.61 lakhs compared to 2 week average of 1.43 lakhs.
Source: Equity Bulls
Posted On: 2012-12-08 21:02:49
Click here to send ur comments or to feedback@equitybulls.com

Other Headlines: L&T to demerge hydrocarbon business to subsidiary L&T Q4 PAT down to Rs. 1787.94 crore Uflex Board to consider Dividend for 2012-13 L&T Board recommends Dividend of Rs. 18.50 for 2012-13 L&T Board approves 1:2 Bonus Issue Esha Media Research intends to invest Rs 450 cr in TV TRP biz Sika Interplant Board to consider Dividend for 2012-13 Garware Wall Ropes Board to consider Dividend for 2012-13 Pipavav Defence and Offshore Engineering Company secures new orders Kavveri Telecom Products Board to consider Dividend for 2012-13 Man Infraconstruction Board to consider Dividend for 2012-13 Aegis Logistics Board to consider Final Dividend for 2012-13 JSW ISPAT Steel to acquire cement grinding facility in Raigad from HeidelbergCement India HeidelbergCement India to sell cement grinding facility in Raigad Prestige Estates Projects posts net profit of Rs. 285.97 crore in FY2012-13 Ashiana Housing Board to consider Sub-division of equity shares & Dividend Kesar Terminals & Infrastructure Board recommends Dividend of Rs. 3 for 2012-13 JK Paper Board recommends Dividend of Rs. 0.50 for 2012-13 KPR Mill Board recommends Final Dividend of Rs. 3 for 2012-13 MM Forgings Board declares Interim Dividend of Rs. 3 for 2012-13 Prestige Estates Projects Board recommends Dividend of Rs. 1.20 for 2012-13 Sequent Scientific Board to consider Dividend for 2012-13 ADF Foods Board to consider Dividend for 2012-13 Bharat Bhushan Share & Commodity Brokers Board recommends Dividend of Rs. 0.50 for 2012-13 PC Jeweller to shutdown Manufacturing Unit located at Dehradun Ramco Systems Board to consider Right Issue Vadilal Industries Board to consider Dividend for 2012-13 Pokarna Board to consider Dividend for 2012-13 Jagsonpal Pharmaceuticals Board to consider Dividend for 2012-13 Gufic Biosciences Board to consider Dividend for 2012-13 Manugraph India Board to consider Dividend for 2012-13 KAR Mobiles Board recommends Final Dividend of Rs. 2.50 for 2012-13 Tech Mahindra Q4 net profit up at Rs.377.24 crore Dhampur Sugar Mills Board recommends Dividend of 12.50% for 2012-13 Vadilal Enterprises Board to consider Dividend for 2012-13 Sunteck Realty Board to consider Final Dividend for 2012-13 Deccan Cements Board recommends Dividend of Rs. 2 for 2012-13 Somany Ceramics Board recommends Dividend of Rs. 1.20 for 2012-13 Tata Investment Corporation Board recommends Dividend of Rs. 16 for 2012-13 Tech Mahindra Board recommends Dividend of Rs. 5 for 2012-13 Suzlon Energy to announce FY13 results on May 30, 2013 Gujarat Apollo Industries Board to consider Dividend for 2012-13 Camlin Fine Sciences Board recommends Dividend of Rs. 0.60 for 2012-13 Vikas WSP Board to consider Final Dividend for 2012-13 Cipla to announce FY13 results on May 29, 2013 Indian Hotels to announce FY13 results on May 30, 2013 City Union Bank fixes record date to identify shareholders of partly paid up shares Amrit Corp Board recommends Dividend of Rs. 4 for 2012-13 Hindustan Tin Works Board to consider Dividend for 2012-13 Supreme Infrastructure Board to consider Dividend for 2012-13

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India
disclaimer copyright � 2005 - 2011