BOC India delisting offer opens on 24th January, clsoes on 31 January, 2011
BOC India delisting offer opens on 24th January, clsoes on 31 January, 2011.
January 06, 2011 / 17:48 IST
| Deutsche Equities India Private Limited has informed the Exchange regarding the Public Announcement issued by The BOC Group Limited (the "Acquirer" or the "Promoter") along with Linde Holdings Netherlands B.V. and Linde Finance B.V. as persons acting in concert (the "PACs"), pursuant to Regulation 10 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (the "Delisting Regulations"), in respect of the proposed acquisition and delisting of the fully paid-up equity shares of the Company in accordance with the Delisting Regulations ("Delisting Offer"). Delisting Offer: The paid-up equity share capital of the Company (the "Equity Capital") comprises 85,284,223 fully paid-up equity shares having face value of Rs. 10/- each (the "Equity Shares"). The Equity Shares are listed on The Bombay Stock Exchange Ltd ("BSE"), The National Stock Exchange of India Ltd ("NSE") & The Calcutta Stock Exchange Ltd ("CSE") (collectively, the "Stock Exchanges"). The Acquirer along with PACs is making this PA to the public holders of the Equity Shares (defined to mean all the shareholders of the Company other than the Promoter Group and hereinafter referred to as the "Public Shareholders"), to acquire, in accordance with the Delisting Regulations and on the terms and subject to the conditions set out in paragraph 71 of this Public Announcement upto 8,975,930 Equity Shares, representing approximately 10.52% of the Equity Capital (the "Offer Shares"). Consequent to the Delisting Offer and upon the shareholding of the Promoter Group reaching a minimum of approximately 94.74% of the Equity Capital and fulfillment of other conditions stipulated under the Delisting Regulations, the Company will seek to voluntarily delist its Equity Shares from the Stock Exchanges for the reasons set out in paragraphs 12, 13 and 14 of this Public Announcement. The proposed timetable for the Delisting Offer is as follows: (1) Specified Date : January 07, 2011, (2) Bid Opening Date : January 24, 2011, (3) Bid Closing Date : January 31, 2011. | | Source : BSE |
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