Everest Inds open offer at Rs 184/shr

Everest Finvest India Pvt Ltd, along with Mrinalini Trust, has made an open offer to the shareholders of Everest Industries to buy up to 29,60,004 shares of Rs 10 each, representing 20% of the outstanding voting equity share capital, at Rs 184 per share.

According to a release issued by Kotak Mahindra Capital Company on behalf of the acquirers to the BSE today, the offer price is payable in cash.

"The specified date for the offer is October 17, 2005. While the offer will open on December 7, 2005, it will close on December 26, 2005," the release added.