until Nov 30...
"At the date the first Offers were made, India NRE and its associates had a relevant interest in approximately 72.31% of the Gujarat Shares and (63.36)% of the Gujarat Options. As far as India NRE is aware, as at the date of this Notice of Variation, India NRE and its associates have a relevant interest in approximately (73.28)% of the Gujarat Shares and (65.29)% of the Gujarat Options."
not quite at the 75% required. does this suggest the merger is not automatically a done deal as was expected? chance of an increase in consideration?
GUJ
gujarat nre resources nl
