Announces closure of open offer period
Reliance Infrastructure (RInfra) and its subsidiary, Reliance Defence Systems, announced the closing of the open offer period for the acquisition of Pipavav Defence & Offshore Engineering Company (PDOC)Upon completion of applicable formalities, RInfra will acquire sole management control of PDOC, and the Board of PDOC will be reconstituted, together with the Company being renamed Reliance Defence and Engineering.
The payment for validly tendered shares, subject to scrutiny and processing, will be completed by 31 December 2015.
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