Texmaco Rail to make open offer for 49.52 lakh shares of Kalindee

Texmaco Rail: Open offer for acquisition of up to 49,52,280 shares from public shareholders of Kalindee Rail Nirman (Target Company) by Texmaco Rail & Engineering (Acquirer); the offer price of Rs 68 payable per share
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Jul 20, 2013, 06.06 PM | Source: Moneycontrol.com

Texmaco Rail to make open offer for 49.52 lakh shares of Kalindee

Texmaco Rail: Open offer for acquisition of up to 49,52,280 shares from public shareholders of Kalindee Rail Nirman (Target Company) by Texmaco Rail & Engineering (Acquirer); the offer price of Rs 68 payable per share

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Texmaco Rail to make open offer for 49.52 lakh shares of Kalindee

Texmaco Rail: Open offer for acquisition of up to 49,52,280 shares from public shareholders of Kalindee Rail Nirman (Target Company) by Texmaco Rail & Engineering (Acquirer); the offer price of Rs 68 payable per share

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ICICI Securities Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Public Announcement ("PA") regarding Open Offer (“Offer”) for acquisition of up to 49,52,280 (forty nine lakh, fifty two thousand, two hundred and eighty) fully paid-up equity shares of face value of Rs. 10 (Rupees Ten) each (“Equity Shares”) from the public shareholders of Kalindee Rail Nirman (Engineers) Ltd (“Target Company”) by Texmaco Rail & Engineering Limited (“Acquirer”), pursuant to and in compliance with, among others, Regulations 3(1), 4 and 20 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the “SEBI (SAST) Regulations, 2011”).Price / consideration: The Offer Price of Rs. 68 (Rupees Sixty Eight) payable per Equity Share is calculated in accordance with Regulation 8(2) of the SEBI (SAST) Regulations, 2011 (“Offer Price”).Type of offer: The Offer is being made by the Acquirer pursuant to and in compliance with Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011 and is also a competing offer under Regulation 20 of the SEBI (SAST) Regulations, 2011.Source : BSE

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