New Promoters would make an Offer for Purchase , in December 2016 , of balance 25 % from the Public @ Rs.670 / share
But there would be no Delisting
This is the size of Mac Charles ( India ) ownership in new Promoter Jitu Verwani`s Embassy Tech Square.
Source Top Lines of Page 19 of the Draft Letter of Offer
For more on Embassy TechSquare, Bangalore :-
6 ) In 2002- Mac Charles (India) acquires 100% stake in two private companies. 1. Vaswani Properties Pvt. Ltd. - 90000 equity shares of Rs.10/- each 2. Vaswani Investments and Holdings Pvt. Ltd. - 50000 equity shares of Rs.10/- each.
November 08, 2016
These may be only conjectures
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 . )