February 14, 2018 / 5:36 AM / in 4 months

BRIEF-Lux Island Says IBL Ltd To Make Unconditional Offer To Acquire All Voting Shares

Feb 14 (Reuters) - Lux Island Resorts Ltd:

* NOTIFIED OF FIRM INTENTION OF IBL LTD TO MAKE AN UNCONDITIONAL OFFER TO ACQUIRE ALL THE VOTING SHARES OF CO NOT ALREADY HELD BY IT

* VOTING SAHRES REPRESENTING 69,543,494 ORDINARY SHARES AND 50.72% OF SHARE CAPITAL OF CO AT PRICE OF 71.50 RUPEES PER SHARE‍​

* IBL HAS CONFIRMED THAT NO AGREEMENT HAS BEEN ENTERED INTO BETWEEN THE OFFEROR AND THE OFFEREE IN RELATION TO THE MINORITY SHARES Source: bit.ly/2sy11qI Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below