Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Open offer for ABB Power Products and Systems India Limited at Rs. 851

Posted On: 2020-03-30 09:04:03


ABB Switzerland Ltd ("Acquirer 1") is making an open offer for acquisition of up to 1,05,95,419 Equity Shares of ABB Power Products and Systems India Limited ("Target Company"). The Open Offer is being made along with Hitachi Ltd. ("Acquirer 2", and along with Acquirer 1, the "Acquirers"), and ABB Management Holding AG ("PAC 1") and ABB Ltd ("PAC 2" and along with PAC 1 the "PACs") acting in their capacity as persons acting in concert with the Acquirers.

The Acquirers and the PACs hereby make this Offer to the Public Shareholders to acquire up to 1,05,95,419 fully paid up equity shares of the face value of INR 2 each of the Target Company ("Offer Shares"), constituting 25.00% of the Voting Share Capital at a price of INR 851 per Offer Share aggregating to a total consideration of up to INR 901,67,01,569 (assuming full acceptance), subject to the terms mentioned in the Public Announcement.

ICICI Securities Limited, the Manager to the Open Offer has made public announcement about the open offer for acquisition of up to 1,05,95,419 fully paid-up equity shares of face value of INR 2 each ("Equity Shares") of ABB Power Products and Systems India Limited ("Target Company") from the Public Shareholders of the Target Company.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

RPG Life Sciences Ltd Q4 net profit at Rs. 2.98 crore

Kirloskar Brothers Ltd Q4 consolidated net profit at Rs. 23 crore

Silver Lake and Co-Investors to invest additional Rs. 4,546.80 crore in Jio Platforms

Saurashtra Cement Ltd takes annual maintenance shutdown at Ranavav factory

TIMKEN India Ltd board recommends dividend of Rs. 50

RPG Life Sciences Q4'FY 20 revenue up by 29%

Infibeam Avenues announces Fourth Quarter and Fiscal Year 2020 Results

L&T reports consolidated earnings for Q4, FY2020

Refex Industries Limited board to finalize rights issue terms

Greaves accelerates performance in new business initiatives with 21% contribution in FY20

TIMKEN India Ltd Q4 PAT at Rs. 61.26 crore

Natural Capsules Ltd posts Rs. 0.11 crore in Q4 FY20

SMS Pharmaceuticals Ltd Q4 PAT drops to Rs. 6.32 crore

Sumitomo Chemical India Ltd Q4 consolidated PAT at Rs. 22.90 crore

L&T Board recommends Final Dividend of Rs. 8

Natural Capsules Ltd Board approves dividend of Rs. 0.60

Jyothy Labs Ltd Q4 FY20 consolidated PAT at Rs. 28.80 crore

Aditya Birla Capital Ltd reports consolidated Q4 PAT of Rs. 143.67 crore

PPAP Automotive Ltd reports consolidated PAT of Rs. 5.85 crore in Q4 FY20

CG-VAK Software & Exports Ltd Q4 consolidated PAT at Rs. 1.28 crore

Exide Industries Ltd reports lower top line in Q4 FY2020

Gateway Distriparks Ltd announces FY2020 performance

CG-VAK Software and Exports Ltd board recommends dividend of Rs. 0.75 for FY20

Infibeam Avenues Ltd to acquire Cardpay Technologies Pvt Ltd

Pfizer Ltd Board to consider FY20 results & Final Dividend on June 15, 2020

Sumitomo Chemical India Ltd board declares dividend of Rs. 0.55

IRB InvIT Fund board declares 4th distribution of Rs. 1.80 for FY2020

Apollo Pipes Ltd launches water storage tank

Gujarat Gas Ltd Q4 consolidated PAT at Rs. 250.46 crore

Dr. Kiran Mazumdar-Shaw from India named EY World Entrepreneur Of The Year™ 2020

Alkem Laboratories Ltd Board approves final dividend of Rs. 3

SBI - Q4 / FY2020 Highlights

Mahindra to plant a tree for every service availed digitally on its With You Hamesha app

V-Guard presents new range of AIKIDO air coolers to beat the heat

IndiGo operates flight chartered by NALSAR to transport 174 migrant workers

Maruti Suzuki sells over 1 lakh factory fitted CNG vehicles - Highest ever in a fiscal

Alkem Laboratories Ltd Q4FY20 consolidated PAT at Rs. 188.77 crore

Lasa Supergenerics Ltd Q4 FY2020 PAT at Rs. 2.58 crore

Saregama India Ltd Board recommends dividend of Rs. 1.50

SBI Q4 FY20 consolidated PAT at Rs. 6909.95 crore

Suven Life Sciences Ltd reports loss of Rs. 25.55 crore in Q4 FY20

Saregama India Ltd Q4 consolidated PAT at Rs. 15.81 crore

Snowman reports optimistic results in pessimistic market outlook backed by Strong Fundamentals and Robust Business Model

Zydus Cadila receives final approval from USFDA for Atazanavir Capsules

Cheviot Company Ltd Q4 PAT falls to Rs. 3.50 crore

JSW Steel Ltd allots 10,000 NCDs

Sun Pharma initiates Phase II clinical trial on AQCH, a phytopharmaceutical drug, as potential treatment for COVID-19 patients

Maruti Suzuki commissions 5 MW carport style photovoltaic solar power plant in Gurugram

Hexaware Technologies Ltd board to consider voluntary delisting on June 12, 2020, stock locked in upper circuit

TCS Wins 2020 SAP® Pinnacle Award







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019