GUJ gujarat nre resources nl

until Nov 30... "At the date the first Offers were made, India...

  1. 438 Posts.
    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?

 
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