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| Exchange Disseminated Time | UTI Securities Ltd ("Manager to the Offer") on behalf of Goldstone Exports Ltd ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Goldstone Technologies Ltd ("Target Company") pursuant to and in compliance with Regulations 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 (SEBI (SAST) Regulations 1997) and subsequent amendments thereto has announced as below:
The Offer:
The Acquirer is making an Open Offer to the public shareholders of the Target Company to acquire 26,00,264 equity shares of Rs 10/- each, at a price of Rs 24.01 per equity share fully paid up (Offer Price), representing 20.00% of the paid up capital of the Target Company payable in cash ("the Offer") subject to the terms & conditions.
Schedule of Activities
Specified Date: June 23, 2006
Date of Opening of the Offer: July 10, 2006
Date of Closing of the Offer: July 31, 2006 |
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