Jupiter Metal has made an open offer to acquire 3.72 million equity shares of Rs 10 each, constituting 30% of the paid-up capital of Kalindee Rail Nirman (Engineers) at price of Rs 65 per share. The offer is subject to a minimum level of acceptance of 3.22 million equity shares constituting 26% of the paid-up and voting capital of the company.
At present, about 38,000 individual shareholders control 63.75% stake in the company, while promoters are holding 15.6% stake in the company. However, Jupiter Metal does not hold any stake in Kalindee Rail.
Kalindee Rail Nirman popularly known as “KALINDEE”, stands as the forerunner in the execution of the major Railway Signaling & Telecommunication projects in India. Dedicated and sincere work has earned it a good reputation. In Railways, KALINDEE is now a trusted name for successful & timely execution of works with highest level of quality with state of the art technology.
Company Name | CMP |
---|---|
Larsen & Toubro | 3630.60 |
Rail Vikas Nigam | 433.00 |
NCC | 287.25 |
KEC International | 1232.00 |
Kalpataru Projects | 1275.40 |
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