Stock Report

Coromandel Fertilisers increases stake in Godavari Fertilisers & Chemicals to 74.92%



Posted On : 2007-04-12 00:03:02( TIMEZONE : IST )

Coromandel Fertilisers increases stake in Godavari Fertilisers & Chemicals to 74.92%

Kotak Mahindra Capital Company Ltd ("Manager to the Offer") for and on behalf of Coromandel Fertilisers Ltd ("Acquirer") has issued this Post Offer Public Announcement to the shareholders of Godavari Fertilisers & Chemicals Ltd ("Target Company"). The details of which are as follows:

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Item				Proposed in the 		Actuals
				offer document
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1. Offer Price (per fully	Rs 150 				Rs 150
paid up equity Share)
2. Shares acquired in the	64,00,000 (20%) 		15,51,960 (4.85%)
open offer
3. Post offer Shareholding	2,88,23,252 (90.07%) 		2,39,75,212 (74.92%)
of Acquirer
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Source : Equity Bulls

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