Sulzer India Updates on Open Offer

ICICI Securities Ltd (Manager to the offer) made by Sulzer Ltd (the "Acquirer") under the Securities and Exchange Board of India (Delisting of Securities) Guidelines 2003 (here in after referred to as ‘Guidelines’) for acquiring the holdings of non-promoters of Sulzer India Ltd by way of reverse book building process, has informed the BSE as under:

The "Exit Price" established by the book-build process in accordance with the Guidelines (being the price at which the largest number of shares was tendered) for the captioned issue was Rs 480 per Share.

The Acquirer has not accepted the Exit Price and will not acquire any of the shares tendered in the open offer.

Source : Equity Bulls

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