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Open Offer To Acquire Ahlcon Parenterals

3/22/2012 12:36 AM ET

B Braun Singapore Pte. Ltd. along with B Braun Melsungen AG, through Deutsche Equities India Pvt. Ltd., made an open offer to acquire 1,872,039 equity shares of Rs.10 each of 26 percent voting rights of Ahlcon Parenterals (India) Ltd. at a price of Rs.460 apiece.

The company clocked a net profit of Rs.4.82 crore on total income of Rs.61.75 crore for the nine months ended December 31, 2011.

At the BSE, Ahlcon Parenterals (India) shares are currently trading at Rs.355.50, a 52-week high.

by RTT Staff Writer

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