Everest Finvest India today announced a 20 per cent open offer for the shareholders of Everest Industries, the building and construction subsidiary of the ACC, for Rs 184 apiece. | |
| The offer follows Everest Finvest's singing up an agreement with ACC on Friday to buy out its 50 per cent stake in Everest Industries. |
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| The offer price is nearly Rs 50 higher than the rate at which Everest Finvest had agreed to pay ACC for acquiring 50 per cent stake in Everest Industries. |
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| The offer pulled down the Everest Industries stock price today, as it opened at Rs 183.95 on the BSE and touched an intra-day low of Rs 176.05. |
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