• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

This follows SEBI's November 1, 2006 order, which had rejected the group's argument that a mandatory open offer for 20 per cent additional shares was not required

Advertisement

Mumbai Feb. 7 Wealth Sea Pvt Ltd and Manali Properties and Finance Ltd have made an open offer to the shareholders of Dunlop India to acquire up to 89,97,859 equity shares representing 20 per cent of the equity share capital of Dunlop.

The offer price was at Rs 10 per fully paid-up equity share of Rs 10 each.The offer opens on March 24 and closes on April 12.

Similarly, the two companies have also made an open offer to the shareholders of Falcon India to acquire up to 11,36,184 equity shares representing 20 per cent of Falcon India's equity share capital at an offer price of Rs 151 per fully paid-up equity share of Rs 10. The offer opens on February 23 and closes on March 24.

It follows the November 1, 2006 order of the Securities and Exchange Board of India, which had rejected the group's argument that a mandatory open offer for 20 per cent additional shares was not required for either Dunlop or Falcon.

More Stories on : Open Offers | Tyres

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Open offer to Dunlop, Falcon shareholders

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line