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| Exchange Disseminated Time | Meghraj SP Corporate Finance (Pvt) Ltd ("Manager to the Offer"), on behalf of Alpine Builders Pvt Ltd, Jaz Exports & Engineering Pvt Ltd, Mr. S A Kabeer, Mr. S A Rasheed, Mr. S M Mohsin, Mr. S M Muneer, Mrs. Anisa Banu, Mrs. Athiya Begum and Mrs. Sabiha Talhath ("Acquirers") has issued this Public Announcement ("PA") to the equity shareholders of Alpine Housing Development Corporation Ltd (Target Company), pursuant to and in compliance with Regulation 10, 11 & 12 and other provisions of Chapter III and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "Regulations") has announced as below:
The Offer
The Acquirers are making this offer in accordance with Regulation 11(1) and 11(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto for acquiring upto a maximum of 12,99,300 equity shares of Rs 10/- each of the Company representing 20% of the issued and paid up equity share capital of the Company at a price of Rs 25.36 per share in cash, comprising of Rs 11/- per Equity Share ("The Offer Price") plus interest of Rs 14.36/- per Equity Share, calculated @15% p.a. from the date 90 days after April 01, 1998 i.e. from June 29, 1998 to March 10, 2007. (The interest amount being subject to change depending upon the actual date of dispatch of such consideration).
Schedule of Activities
Specified Date: January 03, 2007
Date of Opening of the Offer: February 05, 2007
Date of Closing of the Offer: February 24, 2007 |
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