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| Exchange Disseminated Time | SPA Capital Advisors Ltd ("Manager to the Offer") on behalf of Dalmia Bharat Enterprises Ltd (“The Acquirers”), has informed this Detailed Public Statement ("DPS") regarding Open Offer to the Equity Shareholders of Dalmia Bharat Sugar and Industries Ltd ("Target Company"), in compliance with Regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, including amendments thereto ("SEBI Takeover Regulations") pursuant to the Public Announcement ("PA") given on September 05, 2012 to BSE Ltd, National Stock Exchange Board of India Ltd, Madras Stock Exchange Ltd and Securities and Exchange Board of India ("SEBI") and in terms of Regulation 13(2)(a) read with Regulation 3(2) of the SEBI Takeover Regulations.
The Offer :
The Offer is for 21,044,220 (Two Crores Ten Lakhs Forty Four Thousand Two Hundred Twenty Only) Equity Shares of face value of Rs 2/- each representing 26% of the paid up Equity Share capital of the Target at a price of Rs 19.50 per Equity share, payable in cash.
Tentative Schedule of Activities :
Identified Date : October 16, 2012
Offer Opening Date : November 01, 2012
Offer Closing Date : November 16, 2012
*Identified Date is only for the purpose of determining the names of the shareholders of the Target to whom the Letter of Offer would be sent. |
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