Financial Daily
from THE HINDU group of publications
Friday, August 10, 2001
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Financial Daily from THE HINDU group of publications Friday, August 10, 2001 |
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Centak Chem: No room for gains
The second open offer proposed by Akzo Nobel Chemicals to shareholders of Centak Chemicals at Rs 200 per share may be a non-event as far as the stock price is concerned. The stock trades close to the open offer price and is set for delisting. Akzo Nobel
Chemical's shareholding in Centak has now increased to 92.99 per cent.
The offer now made is to buy the residual stake as a prelude to delisting. Expect the stock to stay close to the present price levels in the remaining period for which it is listed and traded. -- BL Research Bureau
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