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Starcom Info
BSE: 531616NSE: ISIN: INE347I01010

11th-Jun-2013 19:55Source: BSE

Starcom Info - Minimum Public Shareholding

"Ziaulla Sheriff (“the Seller”), promoter of the Starcom Information Technology Limited had undertaken offer for sale through stock exchange mechanism for 6,86,005 Equity Shares of Rs. 10 each (“Offer Shares”) on June 05, 2013. Out of the 6,86,005 Equity Shares proposed in the offer for sale, the Seller received valid bid only for 29 Equity Shares of the Company.

In this regard, the Seller has submitted a notice dated June 04, 2013 (the “Notice”) along with floor price to the stock exchange intimating June 05, 2013 as the date of Sale.

Pursuant to the Clause 11 of the SEBI circular dated July 18, 2012 in case of insufficient demand for the offer for sale shares, the Seller has the option to either conclude the sale or cancel it in full. This to inform you, the Seller would like to conclude the offer by accepting all the valid bids."