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| Exchange Disseminated Time | Prime Securities Ltd ("Manager to the Open Offer") on behalf of Krishiraj Trading Ltd ("Acquirer") along with Welspun Mercantile Ltd ("Person Acting in Concert" or "PAC"), has informed this Offer Opening Public Announcement to the Equity Shareholders of Welspun Syntex Ltd ("Target Company"), pursuant to Regulation 18(7) of the Securities and Exchange Board of India ("SEBI") (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI (SAST) Regulations"), in respect of the open offer ("Offer") made by the Acquirer and the PAC to acquire up to 1,02,02,288 Equity Shares representing 26% of the Post Conversion Equity Share Capital of the Target Company as on the 10th working day from the date of closure of tendering period of this Offer from the Public Shareholders.
The Detailed Public Statement ("DPS") with respect to the aforementioned Offer was published on December 14, 2012. |
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