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| Exchange Disseminated Time | Karvy Investor Services Ltd ("Manager to the Offer") for and on behalf of Mr. Santhosh J Karimattom ("Acquirer") has submitted to BSE a Letter of Offer to the Shareholders of the Cityman Ltd ("Target Company"), pursuant to Regulation 11(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations").
The Acquirer make a cash Offer at Rs. 20.75 (Rupees Twenty & Seventy Five Paisa Only) per fully paid up Equity Share (inclusive of Interest of Rs.10.75 per share) ("Open Offer Price") to acquire 23,40,220 equity shares of Rs. 10 (Rupees Ten Only) each fully paid up ("Open Offer Shares"), representing 20% of the total Voting Capital ("Open Offer) to the Target Company.
(For more details kindly refer Corporate Announcements on www.bseindia.com). |
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