Suryakrupa Finan - Updates on Open Offer
27/06/2014 11:37
Systematix Corporate Services Ltd ("Manager to the Open Offer") n behalf of Mr. Maulin Bhavesh Acharya ("Acquirer 1"), Mr. Narendrasinh D. Rana ("Acquirer 2") and Mr. Ashok Kumar Dudi ("Acquirer 3") all three jointly referred to as ("the Acquirers") has informed this Detailed Public Statement (“DPS) to the Equity shareholders of the Suryakrupa Finance Ltd ("Target Company"), in compliance with Regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations, 2011” or “the Regulations”) pursuant to the Public Announcement (“PA”) made with the BSE Limited, Mumbai (“BSE”), on June 20, 2014 and subsequent filings with Securities and Exchange Board of India (“SEBI”) and the Target Company in terms of Regulation 3(1) and 4 and other applicable provisions of the Regulations.
The Offer:
The Acquirers have jointly made the Offer in accordance with the Regulation 3(1) and 4 of the Regulations vide the PA dated June 20, 2014 to the shareholders of the Target Company for the acquisition of 2,60,000 (Two Lac and Sixty Thousand) fully paid up equity shares of the face value of ` 10/- each representing 26% of the paid-up and voting capital of the Target Company (“the Offer Size”) at a price of ` 4.00/- (Rupees Four Only) per fully paid-up equity share (“the Offer Price”) payable in “Cash” and subject to the terms and conditions set out in this DPS and Letter of Offer (“LOF”).
Tentative Schedule of Activity:
Identified Date - July 30, 2014
Date of Opening of the Tendering Period / Offer - August 13, 2014
Date of Closure of the Tendering Period / Offer - August 28, 2014
27/06/2014 11:37
Systematix Corporate Services Ltd ("Manager to the Open Offer") n behalf of Mr. Maulin Bhavesh Acharya ("Acquirer 1"), Mr. Narendrasinh D. Rana ("Acquirer 2") and Mr. Ashok Kumar Dudi ("Acquirer 3") all three jointly referred to as ("the Acquirers") has informed this Detailed Public Statement (“DPS) to the Equity shareholders of the Suryakrupa Finance Ltd ("Target Company"), in compliance with Regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations, 2011” or “the Regulations”) pursuant to the Public Announcement (“PA”) made with the BSE Limited, Mumbai (“BSE”), on June 20, 2014 and subsequent filings with Securities and Exchange Board of India (“SEBI”) and the Target Company in terms of Regulation 3(1) and 4 and other applicable provisions of the Regulations.
The Offer:
The Acquirers have jointly made the Offer in accordance with the Regulation 3(1) and 4 of the Regulations vide the PA dated June 20, 2014 to the shareholders of the Target Company for the acquisition of 2,60,000 (Two Lac and Sixty Thousand) fully paid up equity shares of the face value of ` 10/- each representing 26% of the paid-up and voting capital of the Target Company (“the Offer Size”) at a price of ` 4.00/- (Rupees Four Only) per fully paid-up equity share (“the Offer Price”) payable in “Cash” and subject to the terms and conditions set out in this DPS and Letter of Offer (“LOF”).
Tentative Schedule of Activity:
Identified Date - July 30, 2014
Date of Opening of the Tendering Period / Offer - August 13, 2014
Date of Closure of the Tendering Period / Offer - August 28, 2014
