Tata unit bids for Egypt firm
The Indian Express — May 25, 2005

A subsidiary of the India's Tata group is offering almost $450 million to buy full control of partly state-owned Egyptian Fertilisers Company, the Egyptian Stock Exchange said on Tuesday. Homefield International, a subsidiary of India's top business conglomerate by market capitalisation, is offering $ 305 a share for all of the company's 1.475 million shares. The stock market said Homefield would accept 88.25 per cent of the shares in the company, but the government's stake must be included in the deal.