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| Exchange Disseminated Time | PL Capital Markets Pvt Ltd ("Manager to the Open Offer") for and on behalf of Nirma Industries Private Limited. (“NIPL”) and Nirma Chemical Works Pvt Ltd (“NCWPL”) (“Acquirers”) has informed this Post Offer Public Announcement (“Post Offer PA”) in respect of the Open Offer to the Equity Shareholders of Shree Rama Multi-Tech Ltd ("Target Company"), pursuant to and in compliance with Regulations 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 & subsequent amendments thereto (“Regulations”).
This Post Offer PA should be read in continuation of and in conjunction with the Public Announcement (“PA”) made in accordance with Regulation 15(1) of the Regulations in the same newspapers on July 26, 2005, Corrigendum to the Public Announcement published on January 14, 2014 (“Corrigendum PA”), and the Letter of Offer dated January 09, 2014 (“Letter of Offer”) which was dispatched to the Shareholders of the Target Company on January 11, 2014, whereby the Acquirers had made an open offer (“Offer” or “Open Offer”) to acquire 1,26,93,601 fully paid-up equity shares of face value of Rs. 5 each (“Shares” or “Equity Shares”) representing 20% of the Voting Capital of the Target Company at a price of Rs. 18.60 per Share (plus Applicable Interest of Rs. 14.31 per Share, to all Original Shareholders) payable in cash.
The terms used but undefined in this Post Offer PA shall have the same meaning as assigned to them in the PA, the Corrigendum PA and the Letter of Offer. |
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