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Issues: Whether the appellants were required to make the public announcement of the offer and pay the offer price with interest to the eligible shareholders.
Analysis: The issues were treated as partly covered by the earlier decision relied upon by the Court. On that basis, directions were issued fixing the time for public announcement and requiring payment of the offer price with interest at 10% per annum to the shareholders who satisfied the stated conditions.
Conclusion: The directions were issued against the appellants and in favour of the respondents.
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