Dashtag open offer for Fulford at Rs 575/shr

In order to further consolidate its stake in Fulford India, UK-based Dashtag has made an open offer to the shareholders for acquiring an additional 20% stake in the pharma company at Rs 575 per share.

According to a release issued by Fulford to the BSE today, Dashtag proposes to acquire 7.8 lakh shares through the open offer. The offer opens on January 10, 2007 and would close on January 29.

Fulford India had approved a preferential allotment of 7 lakh shares in October to Dashtag at Rs 575 per share.