Systematix Corporate Services Ltd ("Manager to the Offer") for and on behalf of Mr. Ram N.
Ramamurthy ("Acquirer") has issued this Corrigendum to the Public Announcement to the Equity Shareholders of I-Power Solutions India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Original Public Announcement ("PA") dated December 21, 2009, for the acquisition of 8,89,800 Equity shares at a price of Rs 5.75 per Equity Share ("Offer Price"), pursuant to Regulation 10 & 12 and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("Regulations") and subsequent amendments thereto.
The terms used but not defined in this Corrigendum shall have the same meanings assigned to them in the Original PA.
The Shareholders of the Target Company are requested to note the following latest information related to the Open Offer:
The original schedule of the major activities has been revised under the Open Offer which are as follows:
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Activity Original Schedule Revised Schedule
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Specified Date January 09, 2010 January 09, 2010
Date of Opening of the Offer February 05, 2010 June 04, 2010
Date of Closing of the Offer February 24, 2010 June 23, 2010
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(For more details kindly refer Corporate Announcements on www.bseindia.com). |