Wartsila India - Updates on Delisting Offer

Wartsila India Ltd has announced about the following:

ICICI Securities Ltd ("Manager to the Offer") has informed Wartsila India Ltd ("Target Company") that pursuant to Delisting offer an Exit Price of Rs 622/- per share was determined through the reverse book building process and that the Acquirer and the Person Acting in Concert have accepted the Exit Price of Rs 622/- per share. Accordingly, the Acquirer through the Person Acting in Concert will acquire all the shares validly tendered under the reverse book building process at a price equal to or below the Exit Price.

Source : Equity Bulls

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