Fortis Financial Services today said its offer to the shareholders of Asian CERC Information Technology for acquiring 20 per cent stake in the company would open from September 14.
Securities and Exchange Board of India (SEBI) issued comments on the draft letter of offer on July 23, and therefore the dates with respect to open offer have undergone a change, Asian CERC said in a filing to the Bombay Stock Exchange.
As per the revised schedule, the offer would remain open from September 14 till October 4. While as per the original schedule the offer was supposed to remain open from October 12 to November 1, 2006.
Fortis Financial made an open offer for acquiring over 24.76 lakh equity shares of Rs 5 each representing 20 per cent of the paid-up equity share capital of Asian CERC at Rs 53.45 each, subject to the terms and conditions.
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