|
| Exchange Received Time 10/10/2018 13:29:02 Exchange Disseminated Time 10/10/2018 13:29:09 Time Taken 00:00:07 | | We have been informed on October 09, 2018 that the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Government of India, by a letter dated October 08, 2018, has approved the proposal dated May 31, 2018 of Procter & Gamble Overseas India B.V. for acquisition of up to 77.80% of the paid-up equity share capital of the Company (comprising of 51.80% of the paid-up equity share capital of the Company from the current promoters of the Company and up to 26% of the paid-up equity share capital of the Company from its public shareholders pursuant to an open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for which the public announcement was made on April 19, 2018), subject to certain standard terms and conditions specified therein. We are making this announcement pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 |
|
|