LOGO
LOGO

Mergers & Acquisitions

Open Offer To Acquire Indo Tech Transformers Shares

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Prolec-GE International, S. de R.L de C.V., through Kotak Mahindra Capital Co. Ltd., made an open offer to acquire all outstanding shares of 2,724,375 equity shares of Rs.10 each or 25.65 percent voting rights (currently not held by the promoters) of Indo Tech Transformers Ltd. at a price of Rs.106.40 apiece

The bid opening and closing date is January 23 and January 30, 2013, respectively.

Consequent to the Offer, and upon the promoters shareholding reaching a minimum of 90 percent of company's equity capital, the acquirer will seek to voluntarily de-list the shares from the Stock Exchanges where the company is currently listed, in accordance with the SEBI Regulations. The equity shares are listed and traded on the BSE and the NSE.

At the BSE, Indo Tech Transformers shares are currently trading at Rs.160, down 4.82 percent from the previous close.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19