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| Exchange Disseminated Time | Chartered Capital & Investment Ltd ("Manager to the Offer") on behalf of Kriti Corporate Services Pvt Ltd ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Kriti Industries India Ltd ("Target Company"), pursuant to regulations 11 (2) as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, (hereinafter referred to as "SEBI (SAST) Regulations, 1997" ) and subsequent amendments thereto.
The Offer:
The Acquirer is making an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of the Target Company to acquire 12,40,088 equity shares of Rs 10/- each representing 20% of post-preferential share / voting capital of the Target Company, at a price of Rs 27.50 per fully paid up equity shares ("Offer Price") payable in cash. Subject to the terms & Conditions.
Schedule of Activities
Specified Date: September 30, 2006
Date of Opening of the Offer: November 03, 2006
Date of Closing of the Offer: November 22, 2006 |
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