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| Exchange Disseminated Time 09/06/2016 13:11:52 | Corporate Strategic Allianz Limited (“Manager to the Offer”) has submitted to BSE a Copy of Public Announcement ("PA") regarding
Open offer ( "the offer”) to the shareholders of the Interactive Financial Services Ltd ("Target Company") for acquisition of 7,83,406 (Seven Lacs Eighty Three Thousand Four Hundred and Six Only) fully paid up Equity shares constituting 26% of issued & Subscribed capital of the target company by Mr. UDAYAN MANDAVIA, Mr. KEDAR MEHTA and Mr. HITESH JOSHI (“the Acquirers”) pursuant to and in compliance with Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. 2011 as amended (“SEB1 (SAST) Regulations, 2011” or the “the Regulations”).
Offer Details:
Offer Size (No. of equity Share): The Offer is for acquisition of 7,83,406 (Seven Lacs Eighty Three Thousand Four Hundred and Six Only) equity shares constituting 26% of the issued and subscribed capital of the Target company. The face value of equity shares of the Target Company is Rs.10 (Rupee Ten Only).
Offer Price / Consideration (in Rs.): The offer Price is calculated in accordance with Regulation 8(1) and 8(2) is Rs. 8/- (Rs. Eight Only) per Equity Shares of Rs. 10/- (Rs. Ten Only) each. |
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