Moneycontrol
Apr 11, 2013 05:47 PM IST | Source: Moneycontrol.com

Seasons Furnishings open offer

D & A Financial has submitted to BSE a Copy of Public Announcement to the shareholders of Seasons Furnishings regarding Open Offer for acquisition of up to 1922414 Equity Shares, representing 26% of the total paid-up equity share capital of Target Company from the Public Shareholders of the Target Company.

 
 
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D & A Financial Services Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Public Announcement ("PA") to the shareholders of Seasons Furnishings Ltd ("Target Company") regarding Open Offer for acquisition of up to 1922414 Equity Shares, representing 26% of the total paid-up equity share capital of Target Company from the Public Shareholders (as defined below) of the Target Company by Mr Mandeep Singh Wadhwa and Mrs Manjit kaur Wadhwa ("Acquirers”) along with Person Acting in Concert namely Mr Inderjeet Singh Wadhwa, Mrs Neelam Wadhwa , Mrs Tej Kaur, Manjit Kaur, Mandeep Singh Wadhwa (HUF) and M/s N.S Properties Pvt Ltd ("PACs”) with the Acquirers (“Offer”/ “Open Offer”) for the purpose of this Open Offer, pursuant to and in compliance with, amongst others, Regulation 3(1) of the SEBI (SAST) Regulations.Price / Consideration: The Offer Price of Rs 10/- (Rupees Ten Only) per equity share is Calculated in accordance with Regulation 8(2) of the Regulations (“Offer Price”), aggregating to a consideration of up to Rs 192.24 Lacs assuming full acceptance.Source : BSE

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