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| Exchange Disseminated Time | JM Financial Institutional Securities Ltd ("Manager to the Open Offer") or and on behalf of the SCM Soilfert Ltd (“Acquirer” / “SCM”) and Deepak Fertilisers And Petrochemicals Corporation Ltd (“PAC” / “DFPCL”) has informed this corrigendum announcement (“Corrigendum”) (Corrigendum to the Detailed Public Statement dated May 01, 2014) with respect to the Open Offer to the Public Shareholders of Mangalore Chemicals & Fertilizers Ltd ("Target Company"), pursuant to and in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations”).
This Corrigendum is to be read together with the public announcement issued on April 23, 2014 (“Public Announcement”) and the detailed public statement dated May 01, 2014 ("DPS") that was published on May 01, 2014 and filed with the Securities and Exchange Board of India (“SEBI”) in accordance with the SEBI (SAST) Regulations.
SEBI has issued its comments on the draft letter of offer dated May 08, 2014 (“DLoF”) to the Manager vide its letter dated July 15, 2014. Further, vide its letter dated July 24, 2014. SEBI has clarified that the tendering period shall commence within 12 (twelve) Working Days of the receipt of the last of the approvals of the Competition Commission of India ("CCI") by either the Acquirer or Zuari Ferlilisers and Chemicals Limited (“Competing Acquirer”). Accordingly, the Manager has dispatched the letter of offer (“LoF”) to the public shareholders whose name appeared on the register of members on the Identified Date in accordance with the timelines specified below on or before September 24, 2014, in accordance with the provisions of the SEBI (SAST) Regulations.
Capitalised terms used herein but not specifically defined shall have the same meaning ascribed to such terms in the LoF. |
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