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| Exchange Disseminated Time | VC Corporate Advisors Pvt Ltd ("Manager to the Offer") on behalf of Mr. Suresh Venkatachari, Mr. R.S. Ramani & Mr. M. V. Bhaskar ("Acquirers") has issued this Public Announcement ("PA") to the Shareholders of P M Strips Ltd ("Target Company"), pursuant to Regulation 10 & 12 & other applicable provisions as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").
The Offer:
The Acquirers are making this Offer to the Shareholders of the Target Company to acquire from them 11,10,833 (Eleven lacs ten thousand eight hundred thirty three) fully paid-up equity shares of Rs. 10/- each, representing 20.00% of the Post Preferential Voting Capital at a price of Rs. 31/- per share ("Offer Price") payable in cash ("Offer" or "Open Offer").
Schedule of Activities:
Specified Date - September 24, 2010
Date of Opening of the Offer - October 27, 2010
Date of Closing of the Offer - November 15, 2010
(For more details kindly refer Corporate Announcements on www.bseindia.com). |
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