Schneider Electric Infrastructure gained as much as 1.7% as promoters of the company Schneider Electric Singapore is going to acquire 6.22 crore equity shares of the company at INR 83.10 per share via open offer.
The dispatch of the letter of offer dated December 20th to all shareholders has been completed on December 28th 2012. The offer will be opened during on January 4th to 17th 2013.
Promoter Energy Grid Automation Transformers And Switchgers India Ltd holds 73.4% stake in the company as of September 2012.
Source:
http://www.steelguru.com/indian_news/Schneider_Electric_Infrastructure_rises_on_open_offer/297301.html
