25th-Apr-2012 14:25
Source: BSE
Orissa Sponge - Updates on Open Offer by Bhushan Energy 
Bhushan Energy Ltd has submitted to BSE a Copy of the updated draft Letter of Offer regarding Open Offer to acquire upto 61,00,000 fully paid up equity shares, representing 20% of the Diluted Capital (as defined in the Public Announcement ) of Orissa Sponge Iron & Steel Ltd ("Target company") by Bhushan Energy Ltd ("Acquirer") along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd (together referred to as "Persons Acting in Concert" or "PACs"), at an Offer Price of Rs. 360/- per fully paid up equity shares. ("Offer"), in compliance with Regulation 22(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997.
IDFC Capital Ltd ("Manager to the Offer")
Revised Schedule of Activities:
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Activity Original Schedule Revised Schedule
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Specified Date March 02, 2009 March 02, 2009
Date of Opening of the Offer April 24, 2009 May 03, 2012
Date of Closing of the Offer May 13, 2009 May 22, 2012
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NSE: 
