Enam Securities Pvt Ltd ("Manager to the Offer") on behalf of Bain Capital India Investments ("Acquirer") along with Bain Capital Fund X, L.P., Bain Capital India Integral Investors, L.P. and Bain Capital India Integral Mauritius ("Persons Acting in Concert" or "PACs") has issued this Corrigendum to the Public Announcement to the equity shareholders of Himadri Chemicals and Industries Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated January 06, 2010, pursuant to and 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" or the "Regulations").
Shareholders are requested to kindly note the following:
1. Revised Schedule of Activities: The revised schedule of major activities shall be read as under:
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Activity Original Schedule Revised Schedule
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Specified Date January 06, 2010 January 06, 2010
Date of Opening of the Offer February 25, 2010 March 04, 2010
Date of Closing of the Offer March 17, 2010 March 23, 2010
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2. The Board of Directors of the Target Company ("Board") in their meeting held on December 31, 2009 ("Board Meeting") has duly authorised the preferential allotment of 63,10,000 equity shares of face value Rs. 10 each to the Acquirer ("Preferential Allotment"). An extraordinary general meeting of shareholders of the Target was convened on January 29, 2010 to approve this Preferential Allotment in accordance with the provisions of the Section 81(1A) of the Companies Act and other applicable provisions. The Share Issue and Allotment Committee of Directors of the Target at its meeting held on February 01, 2010 allotted 63,10,000 equity shares to the Acquirer at a price of Rs. 400 per equity share, on preferential basis in terms of the special resolution passed by the shareholders of the Target at the extraordinary general meeting held on January 29, 2010. Post the Preferential Allotment, the Acquirer holds 63,10,000 equity shares of face value Rs. 10 each of the Target amounting to 16.36% of the equity capital (including the Preferential Allotment) of the Target and 15.39% of the Fully Diluted Equity Share Capital of the Target.
3. This Offer is being made by the Acquirer and PACs as a result of acquisition of 15.39% of the Fully Diluted Equity Share Capital pursuant to the Preferential Allotment and, as applicable, pursuant to any additional acquisition made from the Promoters as stated in paragraph I of the Public Announcement.
Capitalised terms used herein and not defined have the same meaning assigned to it in the Public Announcement. All the terms and conditions of the Offer remain unchanged.
(For more details kindly refer Corporate Announcements on www.bseindia.com). |