|
| Exchange Disseminated Time | ICICI Securities and Finance Company Ltd has informed BSE that pursuant to the SEBI Chariman's Order dated October 19, 2002, INA Vermogensverwaltungsgesellschaft mbH along with FAG Kugelfischer Georg Schaefer AG as Person Acting in Concert is making an offer to the public Shareholders of FAG Bearing India Ltd to acquire a maximum of 3,323,454 fully paid up Equity Shares of the company, representing 20% of the outstanding Equity Share capital of the company at a price of Rs 41.22 per equity share (Offer Price) payable in cash.
The Offer Price of Rs 41.22 comprises of a Base Offer Price of Rs 36.82 per Equity Share and the Interest of Rs 4.40 per Equity Share, with the interest being computed at the rate of 10% per annum for the period from January 09, 2002 to March 20, 2003, the date of actual payment of consideration of shares offered and accepted in the offer.
|
|
|