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| Exchange Disseminated Time | Prime Securities Ltd ("Manager to the Offer") on behalf of Krishiraj Trading Ltd ("Acquirer") alongwith Welspun Mercantile Ltd ("WML"/"PAC1") and Welspun Wintex Ltd ("WWL"/"PAC 2") as Person Acting in concert ("PAC") has informed this Open Offer Public Announcement ("PA") to the shareholders of Welspun Investments and Commercials Ltd "(“Target Company”) to acquire up to 9,50,164 equity shares (Nine Lakh Fifty Thousand One Hundred Sixty four only) representing 26% of the total voting share capital of the Target Company as on 10th working day from the closure of the tendering period under this Offer ("Offer Size"), subject to terms and conditions mentioned in this PA, the Detailed Public Shareholders of the Target Company in accordance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI (SAST) Regulations.
The Offer Price of Rs 20/- (Rupees Twenty Only) per fully paid up equity share is calculated in accordance with Regulation 8(2) of SEBI (SAST) Regulations ("Offer Price"). Assuming full acceptance, the total consideration payable by the Acquirer and the PAC will be Rs. 1,90,03,280 (Rupees One Crore Ninety Lakh Three Thousand Two Hundred Eighty Only). (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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