Ishan Dyes promoters to consolidate holding

Excerpt: Open offer by Piyushbhai N. Patel and two others to the shareholders of Ishan Dyes and Chemicals opens on 10th October, 2017

Open offer by Piyushbhai N. Patel and two others to the shareholders of Ishan Dyes and Chemicals opens on 10th October, 2017. They plan to acquire about 29.29 lakh shares, constituting 26 per cent of the fully paid-up equity share capital of the company at ₹50.55 a share. The mandatory open offer got triggered after the total promoter holding increased to 38.22 per cent from 24.59 per cent. The objective of the offer is to consolidate promoters’ holding in the company.

Krupali Shetty

Krupali Shetty

Punit Krishna

The process of making H-Acid generates a lot of effluent. There should be checks to see that it is being made by zero discharge manufacturing units or by units whose pollution control measures are in good shape. The increased price realisations of the product should increase compliance.

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