Pradeep Metals: Updates on open offer

Inga Capital Pvt Ltd ("Manager to the Open Offer"), on behalf of Rabale Engineering India Pvt Ltd ("Acquirer") has submitted to BSE a Copy of Letter of Offer in respect of the Open Offer to the Equity Shareholders of Pradeep Metals Ltd ("Target Company"), for acquisition of 44,90,200 equity shares pursuant to regulation 3(2) and other applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Revised Scheudle of Activity: ------------------------------------------------------------------------------------------Activity Original Schedule Revised Schedule------------------------------------------------------------------------------------------Identified Date January 03, 2013 February 01, 2013Date of Commencement of Tendering Period January 17, 2013 February 15, 2013Date of Closing of Tendering Period January 30, 2013 March 01, 2013------------------------------------------------------------------------------------------Source : BSE

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