Markets

ZF Lenksysteme makes open offer for ZF Steering

Rajalakshmi S | | Updated on: Sep 16, 2014

ZF Lenksysteme GmbH (acquirer) along with Robert Bosch (person acting in concert-PAC) have made an open offer for the acquisition of up to 23,59,058 fully paid-up equity shares of face value of Rs 10 each, representing 26 per cent of the total share capital of ZF Steering Gear (India) Ltd (target company).

The offer price is Rs 439 a share, aggregating about Rs 103.50 crore.

Citigroup Global Markets India Pvt Ltd is the manager to the open offer.

Published on November 25, 2017

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