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| Exchange Disseminated Time | Enam Securities Pvt Ltd ("Manager to the Offer") on behalf of Aditya Birla Nuvo Ltd (Acquirer) has issued this Public Announcement ("PA") to the Equity Shareholders of Apollo Sindhoori Capital Investments Ltd ("Target Company"), pursuant to & in compliance with Regulation 10 & Regulation 12 & other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto ("SEBI (SAST) Regulations" or "Regulations").
The Offer:
The Acquirer makes this Offer to shareholders of the Target Company (Other than the parties to the SPA) to acquire up to 1,10,80,000 equity shares ("Shares") of the Target Company of face value of Re 1 each, representing in aggregate 20% of the paid-up equity share capital & voting capital of the Target Company at a price of Rs 64.08 (Rupees Sixty four & eight paise only) per fully paid up equity share ("Offer Price") payable in cash subject to the terms & conditions mentioned in the PA & in the Letter of Offer.
Schedule of Activities:
Specified Date - September 01, 2008
Date of Opening of the Offer - October 23, 2008
Date of Closing of the Offer - November 11, 2008 |
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