Wheels India surged to a 52-week high of Rs 883.65 on Friday after Titan Europe, which already holds 35.91 percent stake in the TVS Group company, made an open offer to acquire 14.38 percent share from public shareholders.
Titan Europe Plc and Titan International Inc plan to acquire 14,19,405 equity shares from public shareholders of Wheels India at Rs 725.38 a share, according to a notice to the stock exchanges. ICICI Securities is the manager to the offer.
If the open offer is completed successfully, Titan Europe's shareholding in Wheels India will go up to 50.29 percent. TV Sundaram Iyengar & Sons (24.88 percent), Sundaram Finance (13.51 percent) and Southern Roadways (11.31 percent) would hold the rest.
At 12:00 noon, Wheels India shares were still up 12.4 percent at Rs 836.90 on NSE, much higher than the open offer price.
Anda sedang membaca artikel tentang
Wheels India hits 52-wk high post Titan Europe's open offer
Dengan url
https://rokokkanker.blogspot.com/2012/12/wheels-india-hits-52-wk-high-post-titan.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Wheels India hits 52-wk high post Titan Europe's open offer
namun jangan lupa untuk meletakkan link
Wheels India hits 52-wk high post Titan Europe's open offer
sebagai sumbernya
0 komentar:
Posting Komentar