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| Exchange Disseminated Time | JM Financial Institutional Securities Ltd ("Manager to the Open Offer") or and on behalf of the SCM Soilfert Ltd (“Acquirer” / “SCM”) together with Deepak Fertilisers And Petrochemicals Corporation Ltd (“PAC” / “DFPCL”) has informed this detailed public statement (“DPS”) to the equity Shareholders of Mangalore Chemicals & Fertilizers Limited, (“MCF” / “Target Company” / “Target”) in compliance with Regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (the “SEBI (SAST) Regulations”) as well as pursuant to the Public Announcement (“PA”) dated April 23, 2014 sent to the BSE Limited (“BSE”), the National Stock Exchange of India Limited (“NSE”), Bangalore Stock Exchange Limited (“BgSE” and together with BSE and NSE, the “Stock Exchanges”), the Securities and Exchange Board of India (“SEBI”) and on April 25, 2013 to the Target Company at its registered office, in terms of Regulation 3(1) of the SEBI (SAST) Regulations.
The Offer:
The Acquirer together with the PAC are making this Offer to the equity shareholders of MCF, excluding the Acquirer and persons acting in concert or deemed to be acting in concert with the Acquirer, (the “Public Shareholders”), to acquire up to 30,813,939 Equity Shares representing 26% of the Emerging Voting Capital of the Target Company at an offer price of `63/- per share (“Offer Price”) aggregating to `1,94,12,78,157/- (Rupees One Hundred and Ninety Four Crores Twelve Lakhs Seventy Eight Thousand One Hundred and Fifty Seven only) (“Offer Size”) payable in cash in accordance with the provisions of the SEBI (SAST) Regulations
and subject to the terms and conditions set out in this DPS and the letter of offer that will be circulated to the shareholders in accordance with the provisions of the SEBI (SAST) Regulations (“Letter of Offer”). Save and except for the PAC, no other person is acting in concert with the Acquirer for the purpose of this Offer.
Tentative Schedule of Activity
Identified Date# - June 03, 2014
Date of commencement of the tendering period (Offer Opening Date) - June 17, 2014
Date of closure of the tendering period (Offer Closing Date) - June 30, 2014 |
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