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Mount Shivalik Packaging Ltd Jobs
Industry : Courier Logistics Packaging Transportation
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Tata Tea makes open offer for 20% more in Mount Everest
W MUMBAI: Tata Tea has made an open offer for acquiring a further 20% stake in Mount Everest Mineral Water. Tata Tea intends to acquire 67.99 lakh shares at Rs 140 per share. The offer will open on July 27 and dose on August 16. On BSE, Mount Everest lost 0.21% on Wednesday to end at Rs 120.70.
Tata Tea can buy remaining & promoter stake in Mount Everest
MUMBAI: Tata Tea, which is in the process of acquiring 46% in Mount Everest Mineral Water, can buy the remaining stake of existing promoters after six years if the company's net sales are less than Rs 200 crore. According to an agreement signed between the company and the promoters of Mount Everest, Tata Tea has the option to purchase 31.10 lakh shares of the mineral water company, representing 9.14% stake in the enhanced equity, after six years for a maximum of Rs 250 per share.
Tata Tea makes open offer for Mount Everest
MUMBAl: Tata Tea on Monday made an open offer to purchase an additional 20% stake in Mount Everest Mineral Water (MEMW) for Rs 95.19 crore. The Tata group firm will acquire up to 67.99 lakh equity shares at a price of Rs 140 each, to be funded through internal accruals, the company said in a public announcement. DSP Merrill Lynch is the manager to the public offer. On June 1, Tata Tea agreed to buy 25.74 per cent stake in Mount Everest for around Rs 115 crore through subscription of preferential shares
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