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| Exchange Disseminated Time | Master Capital Services Ltd.("Manager to the Offer"), on behalf of the Kingfa Sci. & Tech. Co., Ltd., Guangzhou, China (“Acquirer”) has informed this Detailed Public Statement (“DPS”) to the Equity Shareholders of Hydro S & S Industries Ltd ("Target Company"), in compliance of 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”) pursuant to Public Announcement dated 20 May, 2013 ("PA"), in terms of Regulations 3(1) and 4 of the SEBI (SAST) Regulation, filed on 20th May, 2013 with Bombay Stock Exchange Limited ("BSE"), Madras Stock Exchange Ltd. (“MSE”), National Stock Exchange of India Ltd. (“NSE”), Securities and Exchange Board of India ("SEBI") and the Target Company at its registered office, in terms of Regulation 14(2) of the SEBI (SAST) Regulations.
The Offer:
This Offer is made to all the public equity shareholders of the Target Company (i.e. other than the Acquirer and the Sellers), to acquire up to 16,65,874 equity shares of face value of INR 10.00 each at an offer price of INR 42.70 per equity shares ("Offer Price"), payable in cash, aggregating to INR 7,11,32,820.00 (Rupees Seven Crores Eleven Lakhs Thirty Two Thousand Eight Hundred twenty only) ("Offer Size").
Tentative Schedule of Activities under this Offer is as follows:
Identified Date - June 26, 2013
Date of commencement of Tendering Period (Offer Opening Date) - July 10, 2013
Date of expiry of Tendering Period (Offer closing Date) - July 23, 2013 |
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