Moschip Semiconductor open offer begins

| Updated on January 20, 2018 Published on May 23, 2016


Shares of Moschip Semiconductor will remain in focus on the open offer from Techwave Pte Ltd. The Singapore-based firm plans to acquire 2.958 crore shares at ₹7 a share. The open offer, which opens between May 25 and June 6, was triggered after Techwave in February had entered into a share subscription agreement with the promoters of Moschip to pick up 56.30 per cent stake. The acquirer plans no major changes to the existing line of business of Moschip.

Published on May 23, 2016
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