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| Exchange Disseminated Time | Indbank Merchant Banking Services Ltd (Manager to the Buy Back) On behalf of Amrutanjan Healthcare Ltd (Target Company or Company), has issued this Corrigendum to the Public Announcement to the Shareholders of Target Company, which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated November 24, 2008, for Buy-back of Equity Shares from Open Market through Stock Exchanges, pursuant to and in compliance with the provisions of Regulation 8(1) read with Regulation 15(c) of SEBI (Buy-back of Securities) Regulations, 1998 (the "Buy-back Regulations"). Further to PA shareholders of the Company may please note the following:
1. The Proposed Time Table at point 12 of the PA stands Revised as follows:
Date of Board Meeting Approving Buyback - October 11, 2008.
Date of Shareholders approving the Buy-back through Postal Ballot - November 19, 2008.
Date of Public Announcement - November 24, 2008.
Date of Commencement of Buyback - December 24, 2008.**
Acceptance of equity Shares - Within the relevant payout dates of the Stock Exchanges.
Extinguishment of equity Shares - Within 7 days of acceptance as above.
Last Date for completion on the Buyback - November 18, 2009 (i.e. 12 months from the date of the announcement of the Postal Ballot results by the Chairman of the Company) or when the Company completed the buy-back to the extent of Rs 636.32 Lakhs whichever is earlier.
All payment obligation related to the Buy-back shall be completed by the last date for the buy-back.
**-instead of December 3, 2008 as proposed in the PA.
2. The disclosure at point 1.2 of the PA stands modified as follows "The number of equity shares to be bought back would depend upon the average price paid for the equity shares bought back and the aggregate consideration paid for such equity shares bought back, subject to the maximum limit of 25% of the total paid up equity share capital and free reserves of the Company, in accordance with the resolution passed by the Board of Directors of the Company on October 11, 2008 and a special resolution passed by the shareholders of the company through postal ballot, the results of which were declared on November 19, 2008.
3. The disclosure at point 13.5 of the PA stands modified as follows "The Company from time to time, but not earlier than December 24, 2008 i.e; date of commencement of the buy-back place "buy" orders on the BSE to buy shares through the brokers in such quantity and at such process not exceeding Rs 450/- per share, as it may deem fit, depending upon the prevailing quotation of the shares on the Stock Exchanges. The company shall place such "buy" orders at least once in a week starting from the date of commencement of the buy-back.
Terms used but not defined in this Corrigendum to the PA shall have the same meaning as assigned in the PA. The Directors of the Company accept full and final responsibility for the information contained in this corrigendum of the Public Announcement |
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