|
| Exchange Disseminated Time | Almondz Global Securities Ltd ("Manager to the Offer") for & on behalf of Mr. Mukesh Sangla, Mr. Saurabh Sangla, Ms. Monika Sangla, Ms. Avantika Sangla, Adroit Industries (India) Ltd, and Shri Balaji Starch & Chemicals Ltd ("Acquirers"), alongwith Ornate Leasing & Finance Pvt Ltd, Swan Holdings Pvt Ltd, Signate Leasing & Finance Pvt Ltd and Signet Impex Pvt Ltd ("Persons Acting in Concert" or "PAC"), has issued this Public Announcement ("PA") to the shareholders of Signet Industries Ltd ("Target Company"), pursuant to and in compliance with, among others, Regulations 10, 11 (1) and 11 (2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations").
The Offer:
The Acquirers are making this Offer under Regulation 10, 11 (1) and 11 (2) of SEBI (SAST) Regulations, to the public shareholders of the Target Company to acquire 9,72,900 equity shares of the fully paid up equity shares representing 20.00% of the paid-up equity share capital of Target Company ("Offer Size") at a price of Rs. 40 (Rupees Forty only) per equity share ("Offer Price") payable in cash subject to the terms and conditions mentioned in this PA and the Letter of Offer.
Schedule of Activities:
Specified Date - June 03, 2010
Date of Opening of the Offer - June 28, 2010
Date of Closing of the Offer - July 19, 2010 (For more details kindly refer Corporate Announcements on www.bseindia.com). |
|
|