Goodyear India soars 20pc
Thursday, 11 February 2010
MUMBAI, Feb 10 (Economic Times): Shares of Goodyear India surged 20 per cent for a second straight day in reaction to the news of its delisting plans from the BSE, making it the biggest gainer in the BSE Smallcap Index.
In this regard, Goodyear Tire & Rubber Company Tuesday announced its intention to commence either directly, or through one or more of its wholly owned subsidiaries, a cash tender offer to acquire shares of Goodyear India. Currently, GTRC holds 74 per cent of the total paid-up share capital of the company.
In this regard, Goodyear Tire & Rubber Company Tuesday announced its intention to commence either directly, or through one or more of its wholly owned subsidiaries, a cash tender offer to acquire shares of Goodyear India. Currently, GTRC holds 74 per cent of the total paid-up share capital of the company.