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| Exchange Disseminated Time | Sobhagya Capital Options Ltd ("Manager to the Offer") for and on behalf of Oswal Woollen Mills Ltd ("Acquirer") to the shareholders of Nahar Capital and Financial Services Ltd ("Target Company"), pursuant to and in compliance with, amongst others, Regulation 11(2A) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations" or "Regulations").
The Offer:
The Acquirer is making an Open Offer ("Offer" or "Open Offer") to the shareholders of the Target Company to acquire up to 2,041,813 fully paid up equity shares of Rs. 5/- each of the Target ("Shares"), representing 12.19% of the total paid-up equity share capital of the Target Company as on the date of this PA. The Offer is being made at a price of Rs. 75/- (Rupees Seventy Five Only) for each Share ("Offer Price"), to be paid in cash, in accordance with the provisions of the Regulations and subject to the terms and conditions mentioned in this PA and the terms and conditions that will be set out in the Letter of Offer ("Letter of Offer").
Schedule of Activities:
Specified Date - March 01, 2010
Date of Opening of the Offer - April 09, 2010
Date of Closing of the Offer - April 28, 2010
(For more details kindly refer Corporate Announcement on www.bseindia.com) |
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