|
| Exchange Disseminated Time | Aryaman Financial Services Ltd ("Manager to the Offer") on behalf of Mr. Ketan B. Kothari, Mrs. Mohinidevi B. Kothari and Mrs. Kalawati P. Kothari ("Acquirers") has informed this Detailed Public Statement ("DPS") to the Equity Shareholders of Sanjay Leasing Ltd ("Target Company"), in compliance with Regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations").
Pursuant to the Public Announcement ("PA") dated February 21, 2012 filed with the Stock Exchange / SEBI / Target Company in terms of Regulation 3(1) of the EBI (SAST) Regulations.
The Acquirers is making an Open Offer to acquire up to 3,58,800 (Three Lacs Fifty Eight Thousand & Eight Hundred) Equity Shares of the face value of Rs. 10 each, being 26% of the Expanded Paid up Equity Share Capital of the Target Company post preferential allotment approved by the Board of Directors of the Target Company in its meeting held on January 19, 2012 and approved by the shareholders by way of Extra-ordinary General Meeting ("EGM") held on February 21, 2012, at a price of Rs. 105/- (Rupees One Hundred Five only) per fully paid up Equity Share payable in cash, subject to the terms and conditions set out in the PA, this Detailed Public Statement and the Letter of Offer.
This Offer is made at Rs. 110.25/- (Rupees One Hundred Ten & Twenty Five Paise Only) ("Offer Price") per Equity Share of Rs. 10/- each of the Target Company aggregating to Rs. 3,95,57,700/- (Rupees Three Crores Ninety Five Lacs Fifty Seven Thousand & Seven Hundred Only).
Tentative Schedule of Activity:
Identified Date - April 10, 2012
Date of commencement of tendering period (Offer opening Date) - April 24, 2012
Date of expiry of tendering period (Offer closing Date) - May 08, 2012
* Identified Date is only for the purpose of determining the names of the shareholders as on such date to whom the Letter of Offer would be sent. All owners (registered or unregistered) of Equity Shares of the Target Company (except the Acquirers and the existing Promoter and Promoter Group) are eligible to participate in the Offer any time before the closure of the Offer.
(For more details kindly refer Corporate Announcements on www.bseindia.com). |
|
|