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Anugraha Jewellers: Updates on open offer

B.P. Jhunjhunwala & Others (HUF) is making an open offer to acquire 11,70,000 Equity Shares of Rs 10 each representing 26% of total equity and voting share capital of Anugraha Jewellers, at a price of Rs 1.70 per equity share payable in cash.

June 21, 2013 / 13:18 IST
     
     
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    VC Corporate Advisors Pvt Ltd ("Manager to the Open Offer") on behalf of B.P. Jhunjhunwala & Others (HUF) (“Acquirer”) has informed this Detailed Public Statement (“DPS”) to the Equity shareholders of Anugraha Jewellers 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, 2011”) pursuant to the Public Announcement (“PA”) filed on June 12, 2013 with BSE Limited (“BSE”), Coimbatore Stock Exchange Limited (“CoSE”) and Madras Stock Exchange Limited (“MSE”), the Securities and Exchange Board of India (“SEBI”) and the Target Company in terms of regulation 3(1) & 4 of the SEBI (SAST) Regulations, 2011.The Offer:The Acquirer is making an Open Offer to acquire 11,70,000 Equity Shares of Rs. 10/- each representing 26.00% of total equity and voting share capital of the Target Company, at a price of Rs. 1.70 (Rupees One and Seventy Paise Only) per equity share (the “Offer Price”) payable in cash, subject to the terms and conditions mentioned in DPS.Tentative Schedule of Activity:Identified Date - July 19, 2013Date of commencement of tendering period - August 02, 2013Date of closing of tendering period - August 20, 2013Source : BSE

    Read all announcements in Anugraha Jewel

    first published: Jun 21, 2013 01:18 pm

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