The Japanese firm is set to acquire a majority stake in Camlin Ltd in a Rs. 360 crore deal. In the process the company will acquire 20% from the minority shareholders at a price of Rs. 110, which is approximately 36% premium to the existing market price of Camlin. The stock is currently trading at a price of around Rs. 80.Tuesday, May 31, 2011
Kokuyo Co buys out Camlin Ltd
The Japanese firm is set to acquire a majority stake in Camlin Ltd in a Rs. 360 crore deal. In the process the company will acquire 20% from the minority shareholders at a price of Rs. 110, which is approximately 36% premium to the existing market price of Camlin. The stock is currently trading at a price of around Rs. 80.
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