February 28, 2018 / 10:58 AM / 3 months ago

BRIEF-IBL To Make Mandatory Offer To Acquire All Voting Shares Not Already Held In Bluelife

Feb 28 (Reuters) - Bluelife Ltd:

* IBL HAS FURTHER CONSOLIDATED ITS STAKE IN BLUELIFE LTD TO 34.48 PERCENT, THUS TRIGGERING RULE 31(1)(C) OF SECURITIES TAKEOVER RULES 2010

* IBL NOTIFIED BLUELIFE OF ITS INTENTION TO MAKE MANDATORY OFFER TO ACQUIRE ALL VOTING SHARES NOT ALREADY HELD BY IBL AT PRICE OF 2.24 RUPEES PER SHARE Source: bit.ly/2GMmHBB Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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