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| Exchange Disseminated Time | Inga Capital Private Limited (the "Manager to the Offer") for and on behalf of Krisma Investments Private Limited ("Acquirer") has informed this Detailed Public Statement ("DPS") to the Equity Shareholders of Greycells Education Ltd ("Target Company"), in compliance with regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (‘SEBI (SAST) Regulations, 2011’), pursuant to the public announcement (‘PA’) dated March 31, 2014 filed with BSE Limited (‘BSE’), Securities and Exchange Board of India (‘SEBI’) and the Target Company in terms of regulation 3(1) of the SEBI (SAST) Regulations, 2011.
The Offer:
The Acquirer is making an open offer to acquire 20,56,006 (Twenty Lacs Fifty Six Thousand Six) equity shares of face value of Rs. 10/- each, being 26% of Emerging Voting Capital of the Target Company (‘Offer Size’) at a price of Rs. 10/- (Rupees Ten only) per fully paid-up equity share (‘Offer Price’) payable in cash (‘Open Offer’/‘Offer’), subject to the terms and conditions as set out in the PA, the DPS and the Letter of Offer, that will be sent to the equity shareholders of the Target Company.
Tentative Schedule of Activity:
Identified Date - May 13, 2014
Date of commencement of tendering period - May 28, 2014
Date of closing of tendering period - June 10, 2014 |
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