Mapro Industries: Updates on open offer

Apr 02, 2013, 02.19 PM IST

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Mapro Industries: Updates on open offer

Mr. Sandeep Gupta, Mr. Atul Kumar Sultania and Mr. Umesh Kumar Kanodia have made an open offer to acquire 2,82,750 equity shares of Mapro Industries at Rs 20. The Committee of Indepedent Directos of the company suggests that the offer price for this opne offer is fair and reasonable.

Like this story, share it with millions of investors on M3

Mapro Industries: Updates on open offer

Mr. Sandeep Gupta, Mr. Atul Kumar Sultania and Mr. Umesh Kumar Kanodia have made an open offer to acquire 2,82,750 equity shares of Mapro Industries at Rs 20. The Committee of Indepedent Directos of the company suggests that the offer price for this opne offer is fair and reasonable.

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Mapro Industries Ltd ("Target Company") has submitted to BSE a Copy of Recommendations of the Committee of Indepedent Directos (IDC) on the Open Offer to the Equity shareholders of the Target Company under Regulation 26 (7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Mr. Sandeep Gupta, Mr. Atul Kumar Sultania and Mr. Umesh Kumar Kanodia ("Acquirers")Chartered Capital and Investment Ltd ("Manager to the Open Offer")Source : BSE

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