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
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.