|
| Exchange Disseminated Time | Signet Overseas Ltd has informed BSE that the Company have been informed by the Promoters of the Company namely Mr. Mukesh Sangla, Mr. Saurabh Sangla, Mrs. Monica Sangla and Mrs. Avantika Sangla that they have, on April 28, 2010, entered into a Share Purchase Agreement (SPA) with (a) M/s Jeevan Commercial Pvt. Ltd, (b) M/s Pushpanjali Vinimay Pvt Ltd, (c) M/s. Prime Suppliers Pvt. Ltd. (d) M/s. Magnolia Traders Pvt. Ltd., (e) M/s. Padmini Distributors Pvt. Ltd. and (f) M/s Kesar Vincom Private Ltd for requisition of 12,25,200 equity shares of the Company which represents 25.19% of the total paid-up equity share capital of the Company.
This acquisition has triggered the SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 1997 and Promoters of the company have informed that they will be taking all necessary steps for completion of SEBI (Substantial Acquisition of Shares and Takeovers) Guidelines or any other guidelines, Regulations, etc. Further the Promoters of the Company shall be appointing various intermediaries namely: Manager, Registrar Advertisement agency, Escrow Banker, Printer or any other agency which may be required for execution of the takeovers guidelines. |
|
|