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Exchange Disseminated Time | Motilal Oswal Investment Advisors Private Ltd ( Manager to the Offer) has submitted to BSE a Open Offer to the Public Shareholders of McNally Bharat Engineering Company Ltd ( Target Company) by EMC Limited (the “Acquirer”), along with MKN Investment Private Limited (“PAC 1”), in its capacity as a person acting in concert for the acquisition of Equity Shares and McLeod Russel India Limited (“PAC 2”), Williamson Magor & Co. Limited (“PAC 3”), Babcock Borsig Limited (“PAC 4”), Williamson Financial Services Limited (“PAC 5”), Kilburn Engineering Limited (“PAC 6”), Bishnauth Investments Limited (“PAC 7”) and Mr. Amritanshu Khaitan (“PAC 8” and together with all the persons acting in concert, the “PACs” ), each in their capacity as persons acting in concert with the Acquirer for the acquisition of control, Open Offer ( "the Offer ") for acquisition of up to 1,31,54,393 equity shares of face value of Rs. 10 each (the “Offer Shares”) constituting 26% of the Emerging Voting Share Capital of the Target Company. |
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