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Kingfa Sci &Tech Co Ltd To Acquire Hydro S & S Industries Ltd


Monday, 20 May 2013 10:56pm EDT 

Hydro S & S Industries Ltd (Target Company ) announced that Kingfa Sci &Tech Co Ltd hereby make this Open Offer to the Public Shareholders of the Target Company to acquire up to 1,665,874 fully paid up equity shares of face value of INR10 each of the Target Company constituting 26% of the fully paid up equity share capital of the Target Company. Price / Consideration: The Offer Price of INR42.70 per Equity Share is calculated in accordance with Regulation 8(2) of the Regulations, aggregating to a consideration of up to INR71,132,820 assuming full acceptance. The Proposed shareholding after the acquisition of shares 4,260,700 equity shares constituting 66.50% of the equity share holding in the Target Company under the SPA. 

Company Quote

6.74
0.19 +2.90%
19 Dec 2014