Mac Charles ( India ) listed in BSE, now has , New Owners who would make Open Offer @ 670 / Share , in December 2016 , to remaining Public Shareholders ( holding 25 % Equity ). BUT NO DELISTING
BENGALURU: Property developer Embassy Group has agreed to buy Mac Charles(India) Ltd, which owns the Le Meridien hotel in Bengaluru, for Rs 644.3 crore in cash.
Embassy is offering Rs 670 per share, a premium of 29% to Mac Charles' Friday closing price. As part of the deal, Embassy has agreed to buy 96.1 lakh shares of the company, which represents 73.41% of the fully paid up share capital of Mac Charles.
More on Jitu Verwani , the new owner :-
November 08, 2016
Caution :The blog writer has personal/ family members' holdings in this company , so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )