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Federal Mogul raises offer price

NEW DELHI: American auto components giant Federal-Mogul Corporation on Tuesday made a renewed bid for acquiring major stake of Anil Nanda in Goetze India Ltd (GIL) and offered Rs. 222.50 per equity share against the Rs. 205-215 price-band proposed earlier. ``The mode of the proposed acquisition will be off-market inter se promoter transfer. The acquisition price per share will be Rs. 222.50 and the date of proposed acquisition would be on or after May 12.'.

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