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| Exchange Disseminated Time | Kotak Mahindra Capital Company Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Public Announcement regarding Open Offer for Acquisition of up to 4,396,407 fully paid-up equity shares of the face value of Rs 10 each (“Equity Shares”) for public shareholders of Styrolution ABS (India) Limited (the “Target Company”) by Styrolution South East Asia Pte Ltd. (the “Acquirer”) along with INEOS Styrolution Holding GmbH (“PAC 1”) and Styrolution Group GmbH (“PAC2) (PAC 1 and PAC 2 are collectively referred to as “PACs”), under Regulations 3 and 4 and 5(1) read with Regulation 13(2)(e), Regulation 15(1) and other applicable Regulations of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the “SEBI (SAST) Regulations”).
Offer Details :
Offer Size : 4,396,407 Equity Shares (each an “Offer Share”) representing 25% (twenty five per cent) of the Voting Share Capital (the “Offer Size”) of the Target Company as of the 10th (tenth) working day from the date of closure of the tendering period.
Offer Price: Rs 499.81 per Offer Share (“Offer Price”). |
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