Wednesday, 25 June 2014
1. Offer Details
Offer Size (No. of equity shares): The Offer is for acquisition of 2,60,000 (Two Lac and Sixty
Thousand only) equity shares constituting 26% of the paid-up and voting capital of the Target
Company. The face value of equity shares of the Target Company is `10/- (Rupees Ten only).
Offer Price / Consideration (in `): The Offer Price is `4.00/- (Rupees Four only) per fully paid up
equity share calculated in accordance with Regulation 8(1) and 8(2) of the Regulations.
The total funds required by the Acquirers for implementation of the Offer (assuming full
acceptances) aggregates to `10,40,000/- (Rupees Ten Lac and Forty Thousand Only) (“Offer
Mode of payment (cash / security): The Offer Price is payable in “Cash” in accordance with
Regulation 9(1)(a) of the Regulations.
Type of offer (Triggered offer, voluntary offer/ competing offer etc.): This is a “Triggered
Offer” under the Regulation 3(1) and 4 of the Regulations pursuant to Share Purchase
Agreement dated June 20, 2014 (“SPA” or “the Agreement”).
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