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| Exchange Disseminated Time | UTI Securities Ltd ("Manager to the Offer") on behalf of Goldstone Exports Ltd ("Acquirer") has issued this Revised Public Announcement to the equity shareholders of Goldstone Technologies Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Original Public Announcement ("PA") dated June 01, 2006, pursuant to and in compliance with Regulations 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (SEBI (SAST) Regulations, 1997) and subsequent amendments thereto. The shareholders of the Target Company are required to note the following:
The Acquirer is making an Open Offer to the public shareholders of the Target Company to acquire 26,00,264 equity shares of Rs 10/- each, at a price of Rs 25.81 (Rs 24.01 being the Offer Price and Rs 1.80 being the interest for the delayed period), representing 20.00% of the paid up Capital of the Target Company.
The Offer is at a price of Rs 24.01 per Equity Share fully paid up ("the Offer Price") along with interest of Rs 1.80 (Actual interest shall be calculated at the time of dispatch of payment consideration to the shareholders) calculated in accordance at the rate of 10% p.a. from August 16, 2006 (i.e. the last date of payment as per the original activity schedule as mentioned in Public Announcement dated June 01, 2006) till May 15, 2007 i.e. the scheduled date of dispatch of payment consideration to the shareholders amounting to Rs 25.81 per share payable in cash subject to the terms and conditions mentioned in the PA.
Revised Schedule of Activities:
Specified Date - March 31, 2007
Date of Opening of the Offer - April 09, 2007
Date of Closing of the Offer - April 30, 2007 |
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