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Firstsource Solutions open offer updates

Spen Liq Pvt Ltd to acquire up to 19,84,85,163 equity shares of Firstsource Solutions via open offer, having a face value of Rs. 10 each, representing 30.18% of the Equity Share Capital and 28.73% of the fully diluted voting equity share capital of the target company.

January 03, 2013 / 18:21 IST

ICICI Securities Ltd ("Manager to the Offer") for and on behalf of the Spen Liq Pvt Ltd ("Acquirer"), CESC Ltd is the Person Acting in Concert ("PAC") has informed this Offer Opening Public Announcement to the shareholders of Firstsource Solutions Ltd ("Target Company"), pursuant to regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, as amended ("SEBI (SAST) Regulations"), in respect of the open offer to acquire up to 19,84,85,163 equity shares of the Target Company having a face value of Rs. 10 each ("Equity Shares"), representing 30.18% of the Equity Share Capital and 28.73% of the fully diluted voting equity share capital of the Target Company as of the 10th (tenth) Working Day from the Closure of the Tendering Period ("Offer"). The detailed public statement ("DPS") with respect to the Offer was published on October 30, 2012.Source : BSE

Read all announcements in Firstsource Sol

first published: Jan 3, 2013 06:21 pm

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