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| Exchange Disseminated Time | MAPE Advisory Group Pvt Ltd ("Manager to the Offer"), on behalf of Agile Electric Sub Assembly Pvt Ltd ("Acquirer") together with Blackstone Capital Partners (Singapore) VI FDI Three Pte. Ltd. ("PAC1") and BFIP (Cayman) VI-ESC FDI Three Ltd ("PAC2') and Padmanaban Mukund ("PAC3") and collectively, PAC1, PAC2 and PAC3, the "PACs"), has informed this Detailed Public Statement (“DPS”) to the Public Shareholders of Igarashi Motors India Ltd ("Target Company"), 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 July 17, 2013 (“PA”), filed with BSE Limited (“BSE”), National Stock Exchange of India (“NSE”) and Madras Stock Exchange Limited (“MSE”) (collectively referred to as the “Stock Exchanges”), the Target Company.
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 Acquisition Documents (as defined in Part II), to acquire up to 7,954,036 equity shares of the Target Company, 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 Rs. 65.80 (Rupees sixty five and paise eighty only) (“Offer Price”) per equity share of the Target Company.
Tentaive Schedule of Activity:
Identified Date - September 27, 2013
Commencement of tendering period - October 14, 2013
Closure of tendering period - October 28, 2013 |
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