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| Exchange Disseminated Time | Asit C. Mehta Investment Interrmediates Ltd ("Manager to the Offer") on behalf of Mr. Naresh Vijay Kumar Goyal, Mrs. Shubharangana Naresh Goyal, Mr. Navedeep Naresh Goyal, Mr. Kamal Rajendrakumar Aggarwal and Mrs. Minal Kamalkumar Aggarwal ("Acquirers") has informed this Corrigendum to the Public Announcement & Detailed Public Statement ("Corrigendum to PA & DPS") in respect of the Open Offer to the existing Equity Shareholder(s) of Overseas Synthetics Ltd ("Target Company"), pursuant to and in compliance with Regulations 3(1) & 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ('Regulations'). This Corrigendum to PA and DPS should be read in conjunction with the original Public Announcement ('PA') appeared on November 22, 2011 and Detailed Public Statement ('DPS') appeared on November 28, 2011.
The terms used in this Corrigendum to PA and DPS has the same meaning assigned to them in PA and DPS issued earlier, unless otherwise specified.
1. The offer price is revised to Rs. 3.18/- (Rupees Three and Paisa Eighteen only). The offer price mentioned in the PA, DPS and Draft Letter of Offer (DLOO) was Rs. 3/- and is revised to Rs 3.18/- pursuant to the Regulation 18(11) of SEBI (SAST) Regulations, 2011.
2. In terms of Regulation 16(1) of the SEBI (SAST) Regulations, the Draft Letter of Offer had been submitted to SEBI on December 02, 2011 & final observations in terms of Regulation 16(4) of the SEBI (SAST) Regulations from SEBI vide its Letter dated July 18, 2012 which have been incorporated in the Letter of Offer (LOO).
3. The Revised activity schedule of the company.
(For more details kindly refer Corporate Announcements on www.bseindia.com). |
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