Intensive Fiscal Services Pvt Ltd ("Manager to the Offer") on behalf of Mr. Manoj Kasliwal, Mrs. Sharda M. Kasliwal & Mr. Dalip Kumar ("Acquirers") has issued this Public Announcement ("PA") to the equity shareholders of Premier Capital Services Ltd ("Target Company"), pursuant to and in compliance with Regulation 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations" or "Regulations").
The Acquirers hereby makes this Offer to the shareholders (other than the parties to the SPA) of the Target Company to acquire upto 1,42,920 equity shares of Rs 10/- each, representing in aggregate 20% of the voting capital of the Target Company in terms of Regulations 21(1) of the SEBI (SAST) Regulations, at a price of Rs. 85/- (Rupees Eighty Five Only) per fully paid up equity share ("Offer Price") payable in cash.
Schedule of Activities:
Specified Date - August 16, 2010
Date of Opening of the Offer - September 09, 2010
Date of Closing of the Offer - September 28, 2010