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Carrier Intl acquires Indian company

MUMBAI SEPT. 5. Carrier International is making a final offer to shareholders of its Indian subsidiary, Carrier Aircon, to acquire 20.71 lakh shares (8.84 per cent stake) for Rs 100 per share, paving way for delisting the company from the exchanges. The offer would open on September 9 and closes on March 7 next year respectively, the company informed the Bombay Stock Exchange today.

On June 8, Carrier International had made a open offer to acquire 32.12 lakh fully paid up equity shares of Rs. 10 each, representing 13.71 per cent holding in Carrier Aircon at an offer price of Rs. 100 per equity share. Carrier International and associates hold 21.36 lakh equity shares representing 91.16 per cent of the outstanding equity share capital of the Indian company.

The public shareholding in Carrier Aircon has fallen below 10 per cent of the voting share capital and Carrier International has asked the Indian subsidiary to approach the concerned Stock Exchanges for delisting of its share

PTI

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