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BRIEF-CIEL to acquire all the ordinary shares of CIEL Textile
April 25, 2017 / 5:50 AM / in 7 months

BRIEF-CIEL to acquire all the ordinary shares of CIEL Textile

April 25 (Reuters) - CIEL Ltd:

* Says CIEL proposes to make voluntary offer to acquire all the ordinary shares of CIEL Textile Limited not already held by CIEL

* Maximum consideration in respect of offer shall be around 1.1 billion rupees in cash and 154,429,104 ordinary shares in CIEL Source: bit.ly/2pfVBx1 Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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