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| Exchange Disseminated Time | Citigroup Global Markets India Pvt Ltd ("Manager to the offer") on behalf of Prolec-GE Internacional, S.DE R.L.DE C.V. ("Acquirer") has issued this Post Offer Public Announcement to the shareholders of Indo Tech Transformers Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") & Letter of Offer dated March 27, 2009 ("LOO"), pursuant to Regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations").
The details subsequent to the completion of the Offer to acquire upto 21,24,000 Shares representing 20% of the Equity Capital at a price of Rs 406/- (Rupees Four Hundred and Six) per Share payable in cash are as under:
Details of Acquisition:
| Sr. No | Particulars | Proposed in the Letter of Offer | Actual | | 1 | Offer Price (Rs) | Rs 406 | Rs 406 | | 2 | Shareholding of Acquirer & PAC before SPAs /Public Announcement
- Number of equity shares
- % |
Nil
Nil |
Nil
Nil | | 3 | Shares acquired pursuant to the SPAs
-Number of shares
-% |
57,71,625
54.35 |
57,71,625
54.35 | | 4 | Shares acquired in the Offer
- Number of shares
- % |
21,24,000
20.00% |
21,24,000
20.00% | | 5 | Size of the Offer (No. of shares multiplied by Offer Price) | Rs 86,23,44,000 | Rs 86,23,44,000 | | 6 | Shares acquired after PA but before 7 working days prior to Offer Closure Date
6.1 Price of the shares acquired
6.2 No of shares acquired
6.3 % of shares acquired | NA
| NA
| | 7 | Post Offer & post SPA Completion shareholding of Acquirer & PAC (2+3+4+6)
- Number of shares
-% |
78,95,625
74.35% |
78,95,625
74.35% | | 8 | Pre & Post Offer Shareholding of Public
- Number of shares
- % | Pre
48,48,375
(45.65%) | Post
2,724,375
(25.65%) | Pre
48,48,375
(45.65%) | Post
2,724,375
(25.65%) |
Note: All percentages are calculated against the fully diluted share capital of Rs. 10,62,00,000 divided into 1,06,20,000 Shares, being the fully diluted share capital of the Target Company on May 08, 2009, which is the date that is fifteen days from the closure of the Offer.
Capitalized terms not specifically defined herein shall have the meaning assigned in the LOO. |
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