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| Exchange Disseminated Time | VC Corporate Advisors Pvt Ltd ("Manager to the Offer") on behalf of Mr. Pramod Jain & Pranidhi Holdings Pvt Ltd ("Acquirers") & J.P. Financial Services Pvt Ltd ("Person Acting in Concert" or "PAC") has issued this Public Announcement ("PA") to the Shareholders of Golden Tobacco Ltd ("Target Company"), pursuant to Regulation 10 & 12 and other applicable provisions as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto ("Regulations").
The Offer:
The Acquirers are making this Voluntary Open Offer to acquire 44,02,201 (Forty Four Lacs Two Thousand Two Hundred One) fully paid-up equity shares of Rs. 10/- each, representing 25% of the issued equity share capital, from the equity shareholders of the Target Company, at a price of Rs. 101/- (Rupees One Hundred One) per share ("Offer Price") payable in cash ("Open Offer"). This Offer is voluntary and has not been triggered by any agreement of the Acquirers with any person for the purpose of the acquisition of shares in the Target Company.
Schedule of Activities:
Specified Date - November 27, 2009
Date of Opening of the Offer - December 30, 2009
Date of Closing of the Offer - January 18, 2010 |
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