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| Exchange Disseminated Time | | Systematix Corporate Services Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Open Offer by Mr. Raoof Razak Dhanani ("Acquirer") and Mrs. Anisha Raoof Dhanani ("Person Acting in Concert" or "PAC") for acquiring upto 45,54,680 equity shares of Rs. 10/- each of Sayaji Hotels Ltd ("Target Company"), representing 26% of its paid-up & voting capital of the Target Company at a price of Rs. 130/- per share ("Offer Price") pursuant to and in compliance with Regulation 3(2) & 3(3) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended ("SEBI (SAST) Regulations, 2011" or "Regulations".) |
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