Henkel India mentioned Jyothy Laboratories has made a proposal to buy 20 per cent stake

Henkel India mentioned Jyothy Laboratories has made a proposal to buy 20 per cent stakeFMCG player Henkel India today mentioned Jyothy Laboratories has made a proposal to buy 20 per cent stake at the company from its shareholders at a cost of Rs 41.2 each stake aggregating to a total worth of Rs 95.9 cr

“This proposal is done for all share-holders of aim for firm [Henkel India] to obtain until 2,32,90,855, forming 20 % of emerging voting funds, in a cost of Rs 41.2,” Henkel India mentioned at a registering to the B S E

The open proposal, which is managed by Mape Advisory Group, would start on June 24 and closes on July 14, the firm mentioned.

Jyothy Laboratories that manufactures the ‘Ujala’ fabric rinse has recently announced which it would obtain 50.97 % share in HIL [Henkel India Ltd] from Germany based Henkel AG & Co for Rs 118.7 cr
Last 30 days, JLL had bought 14.9 per cent stake in HIL through the Indian promoter Tamilnadu Petroproducts Ltd.

If the 20 % open offer is fully subscribed, JLL will own 85.87 % in Henkel India.

Stocks of Henkel India closed at Rs 39.40 on BSE, high 0.85 % from the previous close. .

Be Sociable, Share!
Tags: , ,

Stock Market Basics For Beginners

What Is A Issue Price?

What Is A Issue Price? The price where a firm's shares are provided at first in the primary market is known as the Issue price. When they start to be ...…

Invest For Long Time Period And Never Short Time Period

Invest For Long Time Period And Never Short Time Period Invest for Long Time period and never Short Time period : When you determine that your cash can work for you above a long ...…

Role Of Primary Market

Role Of Primary Market The primary market's offers the route for sale of fresh securities. Primary market offers chance to companies of securities; Govt as well as corporates, to ...…

Accelerated Vesting

Accelerated Vesting A kind of vesting which occurs at a quicker rate than the initial vesting schedule in the firm's share option plan. This enables the option ...…

Type of share (stock)

Type of share (stock) Stocks are divided into two types there are common stock and preference stock The common share (ordinary shares), which give the right to ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics