Wheels India: Updates on open offer

Mon, Feb 11, 2013 at 16:16

Titan Europe and Titan International, Inc has submitted a revise schedule of open offer to acquire upto 1,419,405 equity shares of Wheels India having a face value of Rs 10 each

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Wheels India: Updates on open offer

Titan Europe and Titan International, Inc has submitted a revise schedule of open offer to acquire upto 1,419,405 equity shares of Wheels India having a face value of Rs 10 each

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

Wheels India: Updates on open offer

Titan Europe and Titan International, Inc has submitted a revise schedule of open offer to acquire upto 1,419,405 equity shares of Wheels India having a face value of Rs 10 each

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ICICI Securities Limited ("Manager to the Offer') for and on behalf of Titan Europe Plc ("Acquirer") and Titan International, Inc. as the Person Acting in Concert ("PAC") has informed this Offer Opening Public Announcement to the shareholders of Wheels India Ltd ("Target Company"), pursuant to regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, as amended ("SEBI (SAST) Regulations"), in respect of the open offer to acquire upto 1,419,405 equity shares of the Target Company having a face value of Rs. 10 each ("Equity Shares"), representing 14.38% of the fully diluted voting equity share capital of the Target Company as of the 10t (tenth) Working Day from the Closure of the Tendering Period ("Offer"). The detailed public statement ("DPS") with respect to the Offer was published on December 25, 2012.Source : BSE

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