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| AXIS IT & T Close | | AXIS IT & T - Post Offer Status | Edelweiss Capital Ltd ("Manager to the Offer") on behalf of Tayana Software Solutions Pvt Ltd ("Acquirer") has issued this Post Offer Public Announcement to the shareholders of AXIS IT&T Ltd ("Target Company"), which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated January 15, 2008, & Corrigendum to the PA dated March 18, 2008, pursuant to Regulations 10 & 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (" SEBI (SAST) Regulations") to acquire upto 39,92,097 fully paid-up equity shares of face value of Rs 5/- each representing 20.00% of the voting capital of the Target Company at a price of Rs 19.59/- (Rupees Nineteen & Fifty Nine paise only) each per fully paid up equity share, payable in cash.Details of Acquisition: | Sr. No. | Item | Proposed in the Offer Document | Actual | | 1. | Offer Price | Rs. 19.59/- per fully paid up equity share | Rs. 19.59/- per fully paid up equity share | | 2. | Share holding of Acquirer & PAC (No. & %) before the MOU / PA | Nil | Nil | | 3. | Shares acquired by way of Share Purchase Agreement (No. & %) | 1,21,12,184 (60.69%) | 1,21,12,184 (60.69%) (1) | | 4. | Shares acquired in the Open Offer (No. & %) | Upto 39,92,097 (20%) | 29,916 (0.15%) | | 5. | Size of the Open Offer (No. of shares multiplied by Offer price per share) | Rs 7,82,05,181 (2) | Rs 5,86,055 (3) | | 6. | Shares acquired after PA but before 7 working days prior to closure date, if any (No. & %)
6.1 Price of the shares acquired
6.2 No of shares acquired
6.3 % of shares acquired | Nil | Nil | | 7. | Post offer Shareholding of Acquirers (No. & %) (2+3+4+6) | 1,61,04,281 (80.69%) | 1,21,42,100 (60.83%) (1) | | 8. | Pre & Post Offer shareholding of Public (No. & %) | Pre Offer | Post Offer | Pre Offer | Post Offer | | 66,76,089 (4) (33.45%) | 26,83,992 (4) (13.45%) | 66,76,089 (4) (33.45%) | 78,18,381 (5) (39.17%) |
All Percentage shareholding has been calculations have been made using fully-paid voting capital of 1,99,60,481 equity shares of the Target Company.
1. This represents the actual shareholding of the Acquirer as it would be on the date of transfer of the shares in the name of the Acquirer.
2. Assuming Acceptance of 39,92,097 fully paid-up equity shares.
3. Based on acceptance of 29,916 fully paid-up equity shares.
4. Does not include the 11,72,208 shares held by the erstwhile promoters of Axis IT & T viz Yukti Securities Pvt Ltd
5. Includes 11,72,208 shares held by the erstwhile promoters of Axis IT & T viz Yukti Securities Pvt Ltd which now form part of the public shareholding. |
BSE data sourced at 5 minutes delay, Service : BSE - www.bseindia.com
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