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Coromandel makes open offer for GFCL

MUMBAI: Coromandel Fertilisers (CFL) has made an open offer to acquire additional 20 per cent equity of Godavari Fertiliser and Chemicals (GFCL) at Rs. 124 per share. The offer for 64 lakh shares of GFCL of Rs. 10 each will open on September 11 and close on October 10, according to a notification from the Bombay Stock Exchange. CFL at present holds 14.26 per cent stake in GFCL and pursuant to the sale and purchase agreement, the holding will increase to 40.14 per cent, it added.

PTI

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