Cement News tagged under: Andhra Cements

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Jaypee to launch open offer for Andhra Cements shares

25 January 2012, Published under Cement News

Jaypee Development Corp is set to launch an open offer for the acquisition of INR7.63 crores shares of Andhra Cements at INR12/share, according to reports by the Economic Times on India. Existing Andhra Cements shareholders would be able to tender their shares by February 8, the company said in a statement. Jaypee had inked an agreement with some Andhra Cement prompoters/promoter group firms on 15 November to acquire INR19.65 crore equity shares (66.4 per cent of the expanded paid-up sha...