Online edition of India's National Newspaper
Wednesday, October 17, 2001

Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous | Classifieds | Employment | Index | Home

Business | Previous | Next

Madura Coats' open offer to close on Oct. 20

By Our Special Correspondent

MUMBAI, OCT. 16. The open offer by Madura Coats to buy back 18.04 million equity shares on a tender basis at Rs. 27 per share that represents 25 per cent of its total paid-up capital, will close on October 20.

The offer is to increase the shareholding of J&P Coats, the parent company, to 74 per cent.

According to a company statement, as per SEBI regulations if the number of shares tendered is in excess of 18.04 million shares, the buyback will be made on a proportionate basis. J&P Coats, now has a 51.52 per cent stake in Madura Coats.

Send this article to Friends by E-Mail


Section  : Business
Previous : IndusInd Bank's thrust on retail business
Next     : Hero Honda JV to continue beyond 2004

Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous | Classifieds | Employment | Index | Home

Copyright © 2001 The Hindu

Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu