Transoceanic open offer rescheduled
The open offer to the shareholders of Poddar Infrastructure Ltd (formerly known as Transoceanic Properties Ltd) has been rescheduled to January 9-28.
By INDIATIMES NEWS NETWORK |
MUMBAI: The open offer to the shareholders of Poddar Infrastructure Ltd (formerly known as Transoceanic Properties Ltd) has been rescheduled to January 9-28. The specified date remains September 28, 2007.
The company also informs that pursuant to the Open Offer (assuming full acceptance), the public shareholding would not result in the limit falling below the specified listing agreement for the purpose of listing on continuous basis, which is 25 per cent.
The Open Offer by Rajendra S Shah and Mitul J Shah is for 60,000 shares of Rs 10 each, representing 20 per cent, at Rs 80 per share. It was made in September. At 1:15 pm, Poddar Infrastructure shares were up 4.66 per cent at Rs 2.47 on BSE.
The company also informs that pursuant to the Open Offer (assuming full acceptance), the public shareholding would not result in the limit falling below the specified listing agreement for the purpose of listing on continuous basis, which is 25 per cent.
The Open Offer by Rajendra S Shah and Mitul J Shah is for 60,000 shares of Rs 10 each, representing 20 per cent, at Rs 80 per share. It was made in September. At 1:15 pm, Poddar Infrastructure shares were up 4.66 per cent at Rs 2.47 on BSE.
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