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Wealth Sea aiming for 20% Dunlop India share

Author: Tyrepress Editors Comments: 0

Singapore based holding company Wealth Sea Pte Ltd has made an offer to acquire a 20 per cent stake in Dunlop India. The aim of this offer, which closes on February 7, is to acquire 1,43,96,575 shares in the company. Although Dunlop India is listed on the Bombay Stock Exchange it is controlled to a large extent by the Ruia Group; through the Ruia floated Wealth Sea the group intends to increase its ownership share.

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