The open offer price for the Avon Organics Open Offer has been fixed by the board of Avon Organics in consultation with Ashika Capital Limited, the manager of the open offer. Avon Organics Open Offer price has been fixed at Rs. 20 per equity share of face value Rs 10 each. Arch Pharmalabs Limited will acquire the shares of Avon Organics from the shareholders of Avon Organics Limited who participate in the open offer. The open offer opens on December 26, 2007 and closes on January 14, 2008.
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