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| Exchange Disseminated Time | Axis Capital Ltd ("Manager to the Open Offer") on behalf of Shriram Industrial Holdings Private Ltd (“SIHPL”/”Acquirer”) and Orient Green Power PTE. Ltd. (“OGPTE”) and Shriram Venture Ltd (“SVL”), in their capacity as persons acting in concert ("PACs") has informed this Detailed Public Statement ("DPS") to the public Shareholders of Orient Green Power Company Ltd ("Target Company") in respect of the Open Offer, in compliance with Regulations 13(4), 14 and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”), pursuant to the public announcement in relation to this Offer dated February 22, 2013 (“PA”) made in terms of Regulations 3(1), 3(2), 4, and 5(2) read with Regulations 13(2)(f) and 15(2) of the SEBI (SAST) Regulations and sent on, February 22, 2013 to the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) and filed with the Securities and Exchange Board of India (“SEBI”) on February 25, 2013 and sent to the Target Company at its registered office on February 22, 2013.
The Offer:
This Offer is being made by the Acquirer and the PACs to all the public shareholders of the Target Company, other than parties to the Master Framework Agreement, to acquire up to 14,77,00,345 Equity Shares, representing 26% of the Voting Share Capital, as of the 10th working day from the closure of the tendering period (“Offer Size”). This Offer is being made at a price of ` 15.00 (Rupees Fifteen Only) (“Offer Price”) per Equity Share.
Tentative Schedule of Activity:
Identified Date - April 04, 2013
Commencement of tendering period - April 22, 2013
Closure of tendering period - May 07, 2013 |
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