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| Exchange Disseminated Time | o3 Capital Global Advisory Pvt Ltd ("Manager to Open offer") on behalf of the Jai Prakash Agarwal and Vishal Jain (“Acquirers”) together with Krishna Agarwal, Abhishek Agarwal, J.P. Agarwal & Sons (HUF), Rajendra Kumar Agarwal, Anita Agarwal and Shikha Jain (“Person Acting Concert / PACs”) has informed this Detailed Public Statement (“DPS”) to the Public Shareholders of Josts Engineering Company Ltd ("Target Company"), in compliance with Regulations 3(1) and 4 read with Regulations 13(4), 14, 15(2) and other applicable regulations of the SEBI (SAST) Regulations, pursuant to the public announcement in relation to this Offer (the “PA”) filed with the BSE Limited (the “BSE”) on August 30, 2014 (“Execution Date”) and sent to the Target Company at its registered office. The PA was filed with the Securities and Exchange Board of India (the “SEBI”) on September 01, 2014.
The Offer:
The Acquirers and the PACs are making this Offer to all Public Shareholders of the Target Company, to acquire up to 1,98,810 (One Lakh Ninety Eight Thousand Eight Hundred and Ten) Equity Shares (“Offer Shares”) of face value of INR 10 (Indian Rupees Ten Only) each at an offer price of INR 410 (Indian Rupees Four Hundred and Ten Only) (“Offer Price”) aggregating to INR 8,15,12,100 (Indian Rupees Eight Crore Fifteen Lakh Twelve Thousand One Hundred Only) payable in cash (“Offer Size”). This Offer is being made to all the Public Shareholders of the Target Company holding fully paid up Equity Shares. In this regard, it is clarified that, as of this date, of the total issued Voting Share Capital of the Target Company, 60 (Sixty) Equity Shares of the Target Company are partly paid.
Tentative Schedule of Activity:
Identified Date - October 10, 2014
Date of commencement of tendering period - October 28, 2014
Date of closure of tendering period - November 12, 2014 |
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