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Jul 04, 2013, 11.30 AM IST | Source: Moneycontrol.com

Raaj Medisafe: Updates on open offer

Corporate Strategic Allianz has submitted a copy of Letter of Offer regarding Open Offer to the Equity shareholders of the Raaj Medisafe India, to acquire 13,10,400 Equity shares of face value of Rs 10 each.

Corporate Strategic Allianz Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Letter of Offer regarding Open Offer to the Equity shareholders of the Raaj Medisafe India Ltd ("Target Company"), to acquire 13,10,400 Equity shares (including partly paid up Equity shares) of face value of Rs. 10 each representing 26% of Issued and Subscribed Capital and 26.40 % of the Voting Capital of the Target Company at a price of Rs 1.70 (Rupee One and Seventy Paise) inclusive of interest of Rs. 0.70 per fully paid up Equity share of Rs. 10 each and Rs. 1.20 (Rupee One and Twenty Paise) inclusive of interest of Rs. 0.70 per partly paid up Equity Share of Rs. 5 each (“Offer Price”) payable in Cash.Source : BSE

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