News Announcement

Cimmco: Open Offer

VC Corporate Advisors Pvt Ltd ('Manager to the Open Offer') has submitted to BSE a Copy of Public Announcement to the Equity Shareholders of Cimmco Ltd ('Target Company') in respect of the Open Offer for acquisition of 50,53,181 (Fifty Lacs Fifty Three Thousand One Hundred Eighty One) Equity shares from the Public Shareholders of the Target Company by Titagarh Wagons Ltd ('Acquirer') along with Cimco Equity Holdings Pvt Ltd ('Persons Acting in Concert' or 'PAC')

Offer Details:

This Open Offer is being made by the Acquirer along with the PAC for acquisition of 50,53,181 fully paid equity shares of Rs. 10/- each constituting 25.08% of the paid up equity and voting share capital of the Target Company.

Offer Price:

An Offer Price of Rs. 15.50 (Rupees Fifteen and Fifty Paise Only) per equity share (?Offer Price?) will be offered for the shares tendered during the tendering period. Assuming full acceptance the total consideration payable by the Acquirer along with the PAC will be Rs. 7,83,24,306/- (Rupees Seven Crores Eighty Three Lacs Twenty Four Thousand Three Hundred Six Only)

Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.