Pipavav Defence and Offshore Engineering Company has informed about the recommendation of Committee of Independent Directors at their meeting held on November 14, 2015, pursuant to Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 (SEBI (SAST) Regulations) on the Open Offer for the acquisition of up to 19,14,13,630 equity shares (Open Offer) of Target Company representing 26% of the equity share capital and management control of the Target Company by Reliance Defence Systems (the Acquirer) along with Reliance Infrastructure Limited (the PAC) to the shareholders of the Target Company. The said recommendations by IDC were published and appeared in the Newspapers.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Mazagon Dock Ship | 2618.30 |
| Cochin Shipyard | 1561.45 |
| VMS Industries | 24.80 |
| Knowledge Marine & E | 1775.50 |
| Laxmipati Engineerin | 262.80 |
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