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Anil Ambani makes open offer in Reliance Capital
Special Correspondent
MUMBAI:
Anil D. Ambani and AAA Enterprises have made an open offer to buy up to 5.14 crore equity shares of Reliance Capital at Rs. 231 per share. Kotak Mahindra Capital Company is the manager to the offer. The offer represents 20 per cent of the fully expanded voting equity capital of Reliance Capital. The specified date for the offer is June 24. It will open on August 11 and close on August 30. AAA Enterprises Pvt. Ltd, is part of the Anil Dhirubhai Ambani (ADA) Enterprises group. Ninety-eight per cent of AAA is held by ADA.
Mr. Anil Ambani and his wife, Tina Ambani, are the only directors of AAA Enter- prises.
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