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Our Bureau

Hyderabad , Feb. 22

SOBHAGYA Capital Options Ltd on behalf of Mr S. Sreedhar Reddy, Mr S.P.Y. Reddy and other persons acting in concert (PAC) is making an open offer to the shareholders of Panyam Cements & Mineral Industries Ltd to acquire 2,78,550 fully paid-up equity shares of Rs 100 each, representing 20 per cent of voting capital of the target company, at a price of Rs 166 a share (offer price).

The offer will be opened on April 8 and closed on April 27, according to a communication made to the stock exchanges on Tuesday.

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Panyam Cements open offer

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