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India Newbridge, Maxwell make open offer

By Our Special Correspondent

HYDERABAD, APRIL 20. India Newbridge Investments and Maxwell along with Newbridge Asia, India Newbridge Coinvestment and Seletar Investments, are making an open offer to public shareholders of the Hyderabad based Matrix Laboratories to acquire 29.09 lakh fully paid-up equity shares of Rs. 10 each representing about 20 per cent of the post-issue equity at a price of Rs. 1,500 per share payable in cash. DSP Merrill Lynch is the manager to the issue. The offer opens on May 31 and closes on June 29.

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