Systematix Corporate Services Ltd (Manager to the Offer) on behalf of Industrial Investment Trust Ltd (Acquirer), has issued this Post Offer Public Announcement to the Equity Shareholders of Indo Green Projects Ltd (Target Company), which is in continuation of & should be read in conjunction with the Public Announcement (PA) dated May 05, 2008 & June 25, 2008, in terms of Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (Regulations), to acquire upto 9,98,180 equity shares of Rs 10/- each representing 20% of the voting capital of Target Company at a price of Rs 38/- (Offer Price) payable in cash are as under.
Sr. No. Particulars Proposed in the Offer Document Actual 1. Offer Price Rs 38 per Fully paid-up Equity shares Rs 38 per Fully paid-up Equity Shares Number (%) Number (%) 2. Shareholding of Acquirer(s) before MOU / PA Nil Nil Nil Nil 3. Shares acquired by way of MOU or Market Purchases 25,03,900 50.17% 25,03,900 50.17% 4. Shares acquired in the open offer 9,98,180 20.00% 9,98,180 20.00% 5. Size of the Open Offer (No. of shares multiplied by Offer price per share) Rs 3,79,30,840 Rs 3,79,30,840 6. Shares acquired after PA but before 7 working days prior to closure date, if any Nil Nil Nil Nil 7. Post offer Shareholding of the Acquirer (s) (2+3+4+6) 35,02,080 70.17% 35,02,080 70,17% 8. Pre & Post Offer Shareholding of Public Pre Offer Post Offer Pre Offer Post Offer 24,87,000 (49.83%) 14,88,820 (29.83%) 24,87,000 (49.83%) 14,88,820 (29.33%)
Sr. No. Particulars Proposed in the Offer Document Actual 1. Offer Price Rs 38 per Fully paid-up Equity shares Rs 38 per Fully paid-up Equity Shares Number (%) Number (%) 2. Shareholding of Acquirer(s) before MOU / PA Nil Nil Nil Nil 3. Shares acquired by way of MOU or Market Purchases 25,03,900 50.17% 25,03,900 50.17% 4. Shares acquired in the open offer 9,98,180 20.00% 9,98,180 20.00% 5. Size of the Open Offer (No. of shares multiplied by Offer price per share) Rs 3,79,30,840 Rs 3,79,30,840 6. Shares acquired after PA but before 7 working days prior to closure date, if any Nil Nil Nil Nil 7. Post offer Shareholding of the Acquirer (s) (2+3+4+6) 35,02,080 70.17% 35,02,080 70,17% 8. Pre & Post Offer Shareholding of Public Pre Offer Post Offer Pre Offer Post Offer 24,87,000 (49.83%) 14,88,820 (29.83%) 24,87,000 (49.83%) 14,88,820 (29.33%)
No comments:
Post a Comment