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MUMBAI, India -- E*TRADE FINANCIAL Corporation (NYSE: ET), through its indirectly wholly-owned subsidiary E*TRADE Mauritius Limited, today announced it is making an open offer for shares of IL&FS Investsmart Limited (Investsmart), under Regulations 10, 12 and other applicable provisions of the Securities and Exchange Board of India (SEBI) Regulations, 1997 (the "Offer"). In accordance with the delisting guidelines prescribed by the Securities and Exchange Board of India (SEBI), Ingersoll-Rand Company intends to acquire the outstanding shares through a shareholder-led reverse book building process. STOCKHOLM, Sweden -- Today the Supreme Court in India upheld the ruling by The Securities and Exchange Board of India (SEBI) that Swedish Match AB (Nasdaq:SWMAY)(Stockholmsborsen:SWMA) and certain of its subsidiaries make a public offer to acquire 20 percent of the shares outstanding in Wimco Ltd, an Indian match company publicly traded on the Indian Stock Exchange. |
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