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| Exchange Disseminated Time | Standard Chartered Bank ("Manager to the Open Offer") has submitted to BSE a Copy of Public Announcement regarding Open offer ("Offer") for the acquisition of a maximum of 243,161,683 (Two hundred and forty three million one hundred and sixty one thousand six hundred and eighty three) fully paid-up equity shares of face value of INR 1 (Indian Rupee one) each ("Equity Share"), constituting 26.0% of the total share capital on a fully diluted basis, as of the 10th working day after the closure of the tendering period from the public shareholders of Shree Renuka Sugars Ltd ('Target Company") by Wilmar Sugar Holdings Pte Ltd ("Acquirer 1") and SRS Investments Pte Ltd ("Acquirer 2", Acquirer 1 and Acquirer 2 collectively referred to as the "Acquirers") together with Wilmar International Limited ("PAC 1") and current promoter group of Target Company ("PAC 2") as the persons acting in concert (collectively, "PACs") with the Acquirers for the purpose of the open offer ("Open Offer") under the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("Takeover Regulations").
Offer Price / Consideration: The Offer Price of INR 21.89 (Rupees twenty one and eighty nine paise only) per Offer Share is calculated in accordance with Regulation 8(2) of the SEBI (SAST) Regulations. |
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