Earlier in the year, the group lifted its stake in its Indian operation from 51% to 90.24% through an initial open offer, also at Rup500 per share. When the current offer is completed, Cadbury India will be delisted from Indian stock exchanges.
INDIA: Cadbury Schweppes makes open offer for rest of Cadbury India
The UK-based soft drinks to sweets group, Cadbury Schweppes, has made an open offer to buy the remaining 9.76% stake in its subsidiary, Cadbury India Ltd. for Rup500 ($10.20) per share.