No plan to raise Gujarat Ambuja open offer price, India

No plan to raise Gujarat Ambuja open offer price, India
Published: 17 March 2006

Holcim Ltd said Thursday that it has no plans to raise its open offer price of INR90.64 a share for Gujarat Ambuja Cements Ltd.
 
"There are no plans to raise the open offer price," a Holcim spokesperson told Dow Jones Newswires, adding, "the offer is fully priced." 
 
The spokesperson was replying to a query on a report that appeared in The Hindustan Times newspaper Thursday that quoted unnamed sources as saying that Holcim was considering raising the offer price to upwards of INR110 a share.