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| Exchange Disseminated Time | Meghraj Capital Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Public Announcement ("PA") regarding Open Offer for acquisition of upto 77,38,087 fully paid-up Equity Shares of face value Rs. 10/- each of the Accel Frontline Ltd ("Target Company") ("Equity Share”), representing 26% of the fully diluted Voting Equity Share of the Target Company ("Equity Share Capital") by CAC Corporation (“Acquirer”), pursuant to and in compliance with regulations 3(1) and 4 of the securities and exchange board of India (substantial acquisition of shares and takeovers) regulations, 2011 as amended thereto.
Offer Price/ Consideration: Rs. 45/- (Rupees Forty Five only) per fully paid Equity Share of face value Rs. 10/- each of the Target Company, aggregating to Rs. 34,82,13,915/- (Rupees Thirty Four Crore Eighty Two Lacs Thirteen Thousand Nine Hundred Fifteen only). |
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