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Article: HSBC's open offer of 20 pc stake in UTI Bank to open on Jan 31.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- December 4, 2003
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Mumbai, Dec 4 (PTI) The Hongkong and Shanghai Banking Corporation (HSBC) Thursday announced its open offer for acquiring additional 20 per cent in India's UTI Bank at Rs 90 per share.
The offer for 46.1 million shares made by HSBC Asia Holdings UK Ltd along with HSBC will open on January 31 and close on March one, 2004, SBI Capital Markets Ltd, manager to the offer, informed the Stock Exchange here.
The specified day for the offer was December five, it added.
HSBC, on December two, inked an agreement with CDC Financial Services (Mauritius) Ltd and South Asia ...