Mumbai, July 16: Coromandel Fertilisers (CFL) has made an open offer to acquire additional 20 per cent equity of Godavari Fertiliser and Chemicals (GFCL) at Rs 124 per share. The offer for 64 lakh shares of GFCL of Rs 10 each would open on September 11 and close on October 10, the company said in a communication to the Bombay Stock Exchange on Wednesday.

The offer was not subject to any minimum level of acceptance, it said.
CFL currently holds 14.26 per cent stake in GFCL and pursuant to the sale and purchase agreement, the holding would increase to 40.14 per cent, it added. Bureau Report