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| Exchange Disseminated Time | Saffron Capital Advisors Pvt Ltd ("Manager to the Offer"), on behalf of Goldstone Exports Ltd ("Acquirer"), has issued this Public Announcement ("PA") to the Shareholders of Goldstone Infratech Ltd ("Target Company"), pursuant to Regulation 11 (1) in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations").
The Offer:
The Acquirer is making an Offer to the Public Shareholders of the Target Company to acquire 20% (or 72,04,661) equity shares) of the Post conversion equity capital i.e. 3,60,23,305 equity shares, at a price of Rs 23 (Rupees Twenty Three only) Per share ("Offer Price") payable in cash ("Offer") subject to the terms and conditions mentioned in the PA.
Schedule of Activities:
Specified Date - November 07, 2008
Date of Opening of the Offer - December 24, 2008
Date of Closing of the Offer - January 12, 2009 |
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