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| Exchange Disseminated Time 31/12/2015 11:12:11 | | Motilal Oswal Investment Advisors Private Ltd ( Manager to the Offer) has submitted to BSE a Copy of Letter of Offer regarding Open offer ("Offer") for acquisition of up to 1,39,34,393 (One Crore thirty nine lacs thirty four thousand and three hundred and ninety three) fully paid-up equity shares of the face value of Rs. 10 each ("Offer Shares"), representing 26% of the Emerging Voting Share Capital of McNally Bharat Engineering Company Limited (the "Target Company") at a price of Rs. 100.0 per equity share payable in cash by EMC Limited (the "Acquirer") and PACs under the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations"). |
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