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| Exchange Disseminated Time | | Nahar Investments and Holding Ltd has informed BSE that the Company have received a letter dt. September 17, 2010 from the Company's promoter group Company i.e. Nahar Spinning Mills Ltd. vide which they have intimated that their board has approved to give the cash offer to acquire up to 24,37,251 fully paid up equity shares of Rs. 5/- each representing 9.91% of the total paid up equity share capital at an offer price of Rs. 40.00 per equity share from the public shareholders of the Company for consolidating the Promoter Group holding under regulation 11 (2A) of the Securities and Exchange Board of India (Substantial Acquisition of shares and Takeovers) Regulation, 1997 and subsequent amendments thereof [hereinafter referred to as "SEBI (SAST) Regulations" or the Regulations"]. |
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