Shree Surgovind: Updates on open offer

Arihant Capital Markets Ltd ("Manager to the Open Offer") on behalf of Mr. Virat Sevantilal Shah, Mr. Alok Virat Shah, Mr. Rajan Sevantilal Shah ("Acquirers") has informed this Detailed Public Statement ("DPS") to the Equity Shareholders of Shree Surgovind Tradelink Ltd ("Target Company") in compliance with Regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI SAST Regulations") pursuant to the Public Announcement filed on February 05, 2013 with the Stock Exchanges / Securities and Exchange Board of India (SEBI) / Target Company in terms of Regulation 3(1) and 4 of the SEBI SAST Regulations.The Offer:This open offer is being made pursuant to Regulation 3(1) and 4 of the SEBI SAST Regulations, to the public equity shareholders of the Target Company by Acquirers to acquire up to 13,02,600 Equity Shares of Rs. 10 each representing 26% of the paid up equity voting share capital of the Target Company, at a price of Rs. 7 per Share ("Offer Price") payable in cash subject to the terms and conditions mentioned in DPS ("Open Offer" or "Offer"). Tentative Schedule of Activity:Identified Date - March 14, 2013Date of commencement of tendering period (Open Date) - April 01, 2013Date of expiry of tendering period (Closure Date) - April 15, 2013Source : BSE

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