Updates on Open Offer

Yes Bank Ltd ("Manager to the Offer"), on behalf of Mahindra & Mahindra Ltd ("Acquirer"), has submitted to BSE Letter of Offer regarding Open Offer to the Shareholders of EPC Industrie Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated February 10, 2011, to acquire upto 34,51,613 fully paid up equity shares of the face value of Rs. 10/- (Rupees Ten Only) each ("Shares"), representing 20.00% of the Emerging Voting Capital, as at the expiration of 15 days after the closure of the Offer, at a price of Rs 66.55 (Rupees Sixty Six & Paise Fifty Five only) per Share ("Offer Price") plus interest for delay in the Offer Schedule, of Re. 1.00 (Rupees One Only) per share at the rate of 10% p.a., to be paid to the eligible shareholders of the Target Company, payable in cash.

Revised Schedule of Activities:


Activity Original Schedule Revised Schedule
Specified Date February 11, 2011 February 11, 2011
Date of Opening of the Offer April 06, 2011 July 21, 2011
Date of Closing of the Offer April 25, 2011 August 09, 2011

Source : BSE - >www.bseindia.com

Published on July 20, 2011


This article is closed for comments.
Please Email the Editor