The statement of disclosure by the news broadcaster showed that the acquisition of 5,330,792 equity shares, having a face value of Rs 4 each at a price of Rs 294 per share of New Delhi Television Ltd which is pursuant to an open offer under the Sebi Regulations, by VCPL.
The company will undertake a buyback of up to Rs 850 crore (excluding buyback taxes and other transaction costs) at a maximum price of Rs 810 per share and has opted for the open market route through stock exchanges method, which is to be completed within a maximum period of six months.
Ahmedabad (Gujarat) [India], September 17 (ANI/PRNewswire): The Adani Family, through Endeavour Trade and Investment Ltd ("BidCo"), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd.
Mumbai (Maharashtra)/New Delhi [India], November 30 (ANI/NewsVoir): Cyril Amarchand Mangaldas, India's largest corporate law firm, advised Murugappa Group in the acquisition of a controlling stake in CG Power & Industrial Solutions Limited ("CG Power").