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Sep 14, 2013, 12.02 PM IST | Source: Moneycontrol.com

RCL Retail: Update on open offer

Mr. G. Rikhab Chand, Mr. R. Prakash Chand, Mr. R.Vinodh Kumar, Mr. R. Suresh Kumar, Mr. P. Kamlesh, Mr. P. Vikash, Mr. V.Vishal, Mr. S. Hitesh, Mrs. P. Chandrakal, Mrs. V. Santhoes Kumari, Mrs. S. Latha kumarai and Mrs. K. Nikita made an open offer for acquiring up to 32,00,600 equity shares of Rs 10 each of RCL Retail.

Guiness Corporate Advisors Pvt Ltd (Formerly Known as Guiness Merchant Bankers Pvt Ltd) ("Manager to the Offer") by Mr. G. Rikhab Chand, Mr. R. Prakash Chand, Mr. R.Vinodh Kumar, Mr. R. Suresh Kumar, Mr. P. Kamlesh, Mr. P. Vikash, Mr. V.Vishal, Mr. S. Hitesh, Mrs. P. Chandrakal, Mrs. V. Santhoes Kumari, Mrs. S. Latha kumarai and Mrs. K. Nikita ("Acquirers") for acquiring up to 32,00,600 equity shares of Rs. 10/- each of RCL Retail Ltd (Target Company’) representing 26% of the issued & subscribed and Voting capital at a price of Rs. 16/- per Share fully paid-up Equity Share (‘Offer Price’), through Open Offer under Regulation 3 and 4 of SEBI (SAST) Regulations, 2011 (‘the Regulations’) requiring the Public Announcement (‘PA’) in terms of Regulation 13 of the said Regulations.Source : BSE

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