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| Exchange Disseminated Time | Citigroup Global Markets India Pvt Ltd ("Manager to the offer") on behalf of Prolec-Ge Internacional, S.DE R.L.DE C.V. ("Acquirer") has issued this Corrigendum to the Public Announcement to the shareholders of Indo Tech Transformers Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated December 06, 2008, wherein an open offer to acquire 21,24,000 fully paid up equity shares of the face value of Rs 10/- each of the Target Company ("Share") representing 20% of the Equity Capital at a price Rs 406.00 per Share ("Offer Price") payable in cash was made under Regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations"). Capitalized terms not specifically defined herein shall have the meaning assigned in the PA.
The Shareholders of the Target Company are requested to kindly note the following:-
Revised Schedule of Activities:
The dates with respect to various activities as per the disclosures made in the PA have undergone a change. The Letter of Offer along with the Form of Acceptance cum Acknowledgement & Form of Withdrawal is being dispatched to the Shareholders of the Target Company by March 31, 2009 & the revised schedule of activities is as follows:
Specified Date - December 19, 2008
Date of Opening of the Offer - April 04, 2009
Date of Closing of the Offer - April 23, 2009 |
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