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| Exchange Disseminated Time | PL Capital Markets Pvt Ltd ("Manager to the Open Offer") for and on behalf of Nirma Industries Private Limited. (“NIPL”) and Nirma Chemical Works Pvt Ltd (“NCWPL”) (“Acquirers”) has informed this Corrigendum to the Public Announcement (“Corrigendum”) in respect of the Open Offer to the Equity Shareholders of Shree Rama Multi-Tech Ltd ("Target Company"), pursuant to and in compliance with Regulations 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 & subsequent amendments thereto (“Regulations”). This Corrigendum should be read in continuation of and in conjunction with the PA made in accordance with Regulation 15(1) of the Regulations in the same newspapers on July 26, 2005 and the Letter of Offer dated January 09, 2014 which has been dispatched to the Shareholders of the Target Company on January 11, 2014. Capitalized terms used but not defined in this Corrigendum shall, except to the extent modified hereunder, have the same meanings as assigned to such terms in the PA and/or the Letter of Offer.
The Offer is being made in terms of Regulations 10 and 12 of the Regulations to all the shareholders of the Target Company (except Acquirers, Issuer Companies and Pledger Sellers) to acquire upto 1,26,93,601 Shares, representing 20% of the issued, subscribed and paid up capital i.e. voting capital as of 15 days from the Offer Closing Date at a price of Rs. 18.60 per Share paid in cash, in terms of Regulation 20 of the Regulations. Over and above Rs. 18.60 per Share, the Original Shareholders would also be entitled to receive Rs. 14.31 per Share towards Applicable Interest in terms of the Regulations.”
A Schedule of some of the key events in respect of the Offer is given below:
Activity Original Date Revised Date
Specified Date July 27, 2005 August 02, 2013
Offer Opening Date September 15, 2005 January 16, 2014
Offer Closing Date October 04, 2005 February 04, 2014 |
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