M & M today released an open offer according to a revised propose to get 20percent

M & M today released an open offer according to a revised propose to get 20percent extra stake in EPC Industries, a micro-irrigation company from public_shareholders according to a revised schedule.

The firm mentioned on filing with BSE, the open offer price is actually set at Rs 66.55 for each share and also the firm will get 34.52 lakh stocks of Rs 10 every will end on 9th August, 2011.

Mahindra mentioned that the acquisition of EPC was section of its diversification method in the farming business. Micro irrigation is usually a water efficient technologies which decreases the utilization of the natural resource, although enhancing the productivity in agriculture.

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