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| Exchange Disseminated Time | | Pioneer Money Management Ltd ("Manager to the Offer") has submitted to BSE a Copy of Public Announcement regarding Open Offer ("Offer") for acquisition of 3,11,06,192 (Three Crores Eleven Lacs Six Thousand One Hundred and Ninety Two) Fully paid-up Equity Shares of face vlue of Re.1/- each ("Equity Shares"), representing 26% of the Total Share Capital of Orient Abrasives Ltd ("Target Company") on a fully diluted basis, as at the end of the tenth working day from the date of expiry of the tendering period of the Open Offer ("Voting Share Capital") from the public Shareholders of the Target Company for cash at a price of Rs. 29.50/- per Equity share by Bombay Minerals Ltd ("Acquirer 1") and Cura Global Holdings Ltd ("Acquirer 2") ("Acquirers") and Lambasa Global Opportunity Fund BV, Curacao ("Person Acting in Concert", "PAC"). |
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