Dunlop India open offer soon

Nov 04, 2010 |

Correspondent

The Pawan Ruia-led management of Dunlop India Ltd will soon come out a with an open offer
to meet the Securities and Exchange Board India conditions of takeover in 2005. “We will come out with an open offer for Dunlop which will be close to (`29.63 plus
interest) `44 a share, taking account of interest. We have already applied with the regulator and we expect to open in the
next three to four weeks,” Dunlop chairman, Mr Pawan Ruia, said on Wednesday. However, as the share listed on the BSE is trading at `84, t will not attract any interest from shareholders to offload shares. Dunlop was relisted in January 2010.

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