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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: GlobalData
Provider: GlobalData

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Wintac Ltd Updates On Open Offer

Wednesday, 6 Feb 2013 01:10am EST 

Arihant Capital Markets Ltd (Manager to the Open Offer) on behalf of GAVIS Pharma LLC, U.S.A (Acquirer / GAVIS) together With Kali Capital LP, U.S.A. (PAC"/ KALI) announced an open offer to the equity shareholders of the Wintac Ltd (Earlier known as Recon Ltd) (Target Company). This Open offer is being made to the equity shareholders of the Target Company by Acquirer to acquire 2,606,303 equity shares of INR10 each representing 26% of the post preferential allotment fully diluted paid up equity voting share capital of the Target Company, at a price of INR100 per share (Offer Price) payable in cash subject to the terms & conditions mentioned in this Open Offer. Tentative Schedule of Activity: Identified Date - March 07, 2013; Date of Commencement of tendering Period (Open Date) - March 21, 2013; Date of expiry of tendering Period (Closure Date) - April 08, 2013. 

Company Quote

-4.25 -3.26%
11 Jul 2014