FMCG major Emami today said it has rescheduled the open offer date for acquiring an additional 20 per cent stake in Zandu Pharmaceutical and the offer will now begin on September 26.
The open offer would begin on September 26, instead of July 24, and close on October 15, instead of August 12, Emami and Zandu said in separate filings to the Bombay Stock Exchange.
Earlier, Emami had picked 24 per cent stake in Zandu at a price of Rs 6,900 per share, including a non-compete fee of Rs 100 per share, from one of the promoter's family. This, along with existing holding of Emami, has raised the firm's holding in Zandu to 27.5 per cent.
