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Moody's Corp announces conditional open offer to increase ownership stake in ICRA Limited


Friday, 21 Feb 2014 07:51am EST 

Moody's Corp:Announces a conditional open offer to acquire up to 2,650,000 equity shares of ICRA Limited.Says the offer is conditional upon acquiring at least 2,149,101 equity shares, which would increase Moody's ownership stake from 28.5 pct to just over 50.0 pct.Says full acceptance of the offer would increase Moody's ownership stake in ICRA to about 55.0 pct.Says the offer price, payable in cash, is 2,000 Indian rupees per share.Says the tender period is expected to begin in Apr. 2014.Says Moody's will fund the offer from international cash on hand. 

Company Quote

96.67
4.29 +4.64%
17 Dec 2014