MoneyWorks4Me

Hitachi Home and Life Solutions India informs about updates on open offer

23 Dec 2015 Evaluate

DSP Merrill Lynch (‘Manager to the Offer’) has submitted a Copy of Letter of Offer regarding Open Offer (‘Offer’) for acquisition of up to 7,000,990 fully paid-up equity shares of face value of Rs 10 each representing 25.748% of fully diluted voting equity share capital of Hitachi Home and Life Solutions India (‘Target Company’), from the public shareholders of the Target Company by Johnson Controls Inc. (‘Acquirer’) along with Hitachi Appliances. Inc. Hitachi. JCHAC India Holdco, Johnson Controls-Hitachi Air Conditioning Holding (UK) as persons acting in concert with the Acquirer (collectively known as the ‘PACs’), under the provision of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (the ‘Takeover Code’).

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Voltas 1039.05
Blue Star 1572.60
Amber Enterprises 6449.30
EPACK Durable 170.30
Bosch Home Comfort 1979.95
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