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Vanasthali Textile offer opens on Oct 5, 2007
18 Aug '07
1 min read
Chartered Capital & Investment Ltd ("Manager to the Offer"), on behalf of the Board of Directors of Vanasthali Textile Industries Ltd, announced that the company intends to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of the Target Company to acquire 39,62,500 equity shares of Rs 10/- each representing 20% of paid up equity capital & voting capital of the Target Company at a price of Rs 12.50 per fully paid-up equity shares ("Offer Price"), payable in cash subject to the terms and conditions mentioned in PA.
The release informs that date of opening of the offer as October 05, 2007 while closing is scheduled for October 24, 2007.
The release informs that date of opening of the offer as October 05, 2007 while closing is scheduled for October 24, 2007.
Vanasthali Textile Industries Ltd
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