Moneycontrol
Jul 20, 2013 06:06 PM IST | 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

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

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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