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| Exchange Disseminated Time | Kotak Mahindra Capital Company Ltd ("Manager to the Offer"),for and on behalf of Styrolution (Jersey) Ltd ("Acquirer") along with Styrolution Holding Gmbh ("JVCo"), Styrolution Group Gmbh ("Holdco") ("Persons Acting in concert with Acquirer" or PAC") has informed this Public Announcement ("PA") to the equity shareholders of the INEOS ABS (India) Ltd ("Target Company"), pursuant to and in compliance with Regulation 10 & Regulation 12 and other applicable provisions of the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").
The Offer:
This Open Offer ("Offer") is being made by Acquirer along with PAC pursuant to and in compliance with Regulation 10 & Regulation 12, and other applicable provisions of the Regulations to the equity shareholders of the Target Company to acquire a maximum of 29,31,920 (Twenty Nine Lacs Thirty One Thousand Nine Hundred & Twenty Only) fully paid up equity shares of face value Rs. 10 each ("Shares"), representing 16.67% of the Voting Capital of the Target Company, from the equity shareholders of the Target Company at a price of Rs. 606.81 (Rupees Six Hundred & Six & Paise Eighty One Only) per share ("Offer Price") payable in cash.
Schedule of Activities:
Specified Date - November 11, 2011
Date of Opening of the Offer - December 16, 2011
Date of Closing of the Offer - January 06, 2012
(For more details kindly refer Corporate Announcements on www.bseindia.com). |
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