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| Exchange Disseminated Time | Almondz Global Securities Ltd ("Manager to the Offer") for & on behalf of Mr. Mukesh Sangla, Mr. Saurabh Sangla, Ms. Monika Sangla, Ms. Avantika Sangla, Adroit Industries (India) Ltd, and Shri Balaji Starch & Chemicals Ltd ("Acquirers"), alongwith Ornate Leasing & Finance Pvt Ltd, Swan Holdings Pvt Ltd, Signate Leasing & Finance Pvt Ltd and Signet Impex Pvt Ltd ("Persons Acting in Concert" or "PAC"), has issued this Post Offer Public Announcement ("Announcement") to the shareholders/ beneficial owners of Signet Industries Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Original Public Announcement ("PA") issued May 04, 2010, Corrigendum to the PA issued on June 14, 2010 & the Letter of Offer dated June 12, 2010, under Regulation 11(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations"), to acquire 9,72,900 Equity Shares of Rs. 10.00 (Rupees Ten only), representing 20% of the equity capital of the Target Company at a price of Rs. 40.00
(Rupees Forty only) per fully paid up equity share, payable in cash.
The offer formalities have been completed, details of which are as under:
(For more details kindly refer Corporate Announcements on www.bseindia.com). |
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