Enam Securities Pvt Ltd ("Manager to the Offer") on behalf of Aditya Birla Nuvo Ltd ("Acquirers"), has issued this Post Offer Public Announcement to the Equity Shareholders of Apollo Sindhoori Capital Investments Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated September 01, 2008 and corrigenda to the PA dated September 24, 2008, October 17, 2008 and January 15, 2009 ("Corrigenda"), under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (the "SEBI (SAST) Regulations"), to acquire 20 % of the existing outstanding voting Equity Share Capital of Apollo Sindhoori Capital Investments Limited ("ASCIL" or "Target" or "Target Company") at price of Rs 64.08 per equity share, payable in cash.
The terms used but not defined in this Announcement shall have the same meaning assigned in the PA.
Details of the Offer:
| Sr. No. | Item | Proposed in
Offer Document | Actuals | | 1 | Offer Price for fully paid shares | Rs. 64.08 | Rs. 64.08 | | 2. | Shareholdings of Acquirer before Share Purchase Agreement (SPA)/PA | Nil | Nil | | 3. | Shares acquired by way of SPA | 3,10,24,000 (56.00%) | 3,10,24,000* (56.00%*) | | 4. | Shares acquired in the Open Offer | 1,10,80,000 (20.00%) | 1,10,80,000 (20.00%) | | 5. | Size of the Open Offer (No. of shares multiplied by offer price per share) | Rs. 71,00,06,400 | Rs. 71,00,06,400 | | 6. | Shares acquired after PA but before 7 working days prior to closure date. | Nil | Nil | | 7 | Post Offer shareholding of Acquirer | 4,21,04,000 ( 76.00 %) | 4,21,04,000** ( 76.00%**) | | 8. | Pre and Post Offer shareholding of Public (No. and %) | Pre Offer | Post Offer | Pre Offer | Post Offer | | Equity Shares | 18,657,220 | 13,296,000 | 18,657,220 | 13,296,000*** | | % | (33.68%) | (24.00%) | (33.68%) | (24.00%) | * The shares under the SPA are yet to be transferred to the Acquirer. This figure represents the actual shareholding of the Acquirer as it would be on the date of transfer of the shares of the Target Company in the name of the Acquirer.
** This includes both 1,10,80,000 acquired in the Open Offer as well as 3,10,24,000 shares of the Target Company which are yet to be transferred in the name of the Acquirer.
*** This includes the post-acquisition and post- Open Offer shareholding of the Sellers and the Confirming Party (which is 10.33% (including 23,33,460 shares constituting 4.21% of the equity share capital of the Target Company held by the Confirming Party)) assuming that the Confirming Party is not required to transfer her shares to the Acquirer to make up for the deficit in the shares to be transferred by the Sellers. |