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Markets - Open Offers
Piramyd Retail open offer postponed

Our Bureau

Mumbai, Feb. 5 Indiabulls Wholesale Services Ltd and Indiabulls Real Estate Ltd have said that the proposed date of the open offer to the shareholders of Piramyd Retail Ltd has been postponed till further notice, the company told the BSE.

It was earlier announced that the offer would be open between February 2 and 21.

The offer to shareholders of Piramyd Retail was to acquire up to 40,32,750 equity shares, being 20 per cent of the fully diluted voting capital of the company, at Rs 74.73 per share.

The open offer was pursuant to the acquisition of 63.92 per cent of equity share capital of Piramyd Retail from the existing promoters.

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