The Hindu Business Line : Goldstone Exports open offer

Goldstone Exports Ltd (GEL) is making an open offer to the public shareholders other than the acquirer, promoters of GTL of Goldstone Technologies Ltd, to acquire 26,00,264 equity shares of Rs 10 each, at a price of Rs 25.81, representing 20 per cent of the paid up capital of GTL.

GEL was holding 15,19,272 number of equity shares constituting 13.69 per cent of equity capital before the preferential allotment of 19 lakh equity shares. The offer opens on April 9 and closes on April 30.

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