PRE- ACQUISITION SHAREHOLDING PATTERN OF ZANDU PHARMA.
Emami holding 3.9% equity stake in Zandu which was acquired through openmarket purchases has entered into share purchase agreements with DevkumarVaidya and family ( the co-promoters of Zandu Pharmaceutica Works Ltd) inMay 2008 to acquire 23.62% stake in Zandu Pharma.
THE CONCEPT USED
Emami Ltd, which has acquired 27.5% of Zandu Pharmaceutical Works LtdEmami made an open offer for 20%
more of Zandu’s shares, which raised
itsstake to 47.5%.(Companies acquiring a stake of 15% or more must make an offer to buyanother 20% in the target firm.)
Zandu PharmaParikhs(33%)Vaidyas(23.62%)OthersShareholders(39.48%)Emami (3.9%)