<p>General Electric Co. (GE) Monday made a bid to buy shares worth up to $389 million in two India units of French engineering major Alstom SA.<br /><br /></p>.<p>According to a stock exchange filing by the offer manager Credit Suisse, GE has sought to buy 25 percent in Alstom T&D India Ltd. from public shareholders at Rs.261.25 a share, in a deal valued at $278 million.<br /><br />A separate filing said GE is also seeking to buy 26 percent of Alstom India Ltd. at Rs.382.20 a share for a deal of up to $111 million. GE will proceed with the offers only if its bid for Alstom's energy arm goes through, the filings said.<br /><br />"On behalf of GE Energy Europe B.V. in their capacity as persons acting in concert with the Acquirer, Credit Suisse Securities (India) Private Limited has issued a Public Announcement in connection with the Open Offer to the shareholders of Alstom India Limited", an Alstom India announcement said.<br /><br />Alstom said last week that it would explore a $16.9 billion offer from GE for its energy arm. GE will indirectly acquire Alstom's 75 percent stake in Alstom T&D and 68.6 percent in Alstom India, if its bid to buy the French group's energy unit is successful.<br /><br />Alstom T&D India stock Monday gained 3.00 points, or 1.11 percent, at Rs.274.20 a share in afternoon trade, while Alstom India's at 457.00 a share gained 2.70 points, or 0.59 percent, over their previous closures on the Bombay Stock Exchange (BSE).</p>
<p>General Electric Co. (GE) Monday made a bid to buy shares worth up to $389 million in two India units of French engineering major Alstom SA.<br /><br /></p>.<p>According to a stock exchange filing by the offer manager Credit Suisse, GE has sought to buy 25 percent in Alstom T&D India Ltd. from public shareholders at Rs.261.25 a share, in a deal valued at $278 million.<br /><br />A separate filing said GE is also seeking to buy 26 percent of Alstom India Ltd. at Rs.382.20 a share for a deal of up to $111 million. GE will proceed with the offers only if its bid for Alstom's energy arm goes through, the filings said.<br /><br />"On behalf of GE Energy Europe B.V. in their capacity as persons acting in concert with the Acquirer, Credit Suisse Securities (India) Private Limited has issued a Public Announcement in connection with the Open Offer to the shareholders of Alstom India Limited", an Alstom India announcement said.<br /><br />Alstom said last week that it would explore a $16.9 billion offer from GE for its energy arm. GE will indirectly acquire Alstom's 75 percent stake in Alstom T&D and 68.6 percent in Alstom India, if its bid to buy the French group's energy unit is successful.<br /><br />Alstom T&D India stock Monday gained 3.00 points, or 1.11 percent, at Rs.274.20 a share in afternoon trade, while Alstom India's at 457.00 a share gained 2.70 points, or 0.59 percent, over their previous closures on the Bombay Stock Exchange (BSE).</p>