Updates on Open Offer

Centrum Capital Ltd ("Manager to the Offer") on behalf of Primus Retail Pvt Ltd, M/s IndusAge Advisors Ltd and M/s Growsafe Securities Pvt Ltd ("Acquirers") along with Mr. Salim Govani and M/s Foresight Enterprises ("Persons Acting in Concert "/ "PAC") has informed BSE regarding Open Offer to the Equity shareholders of Madhusudan Securities Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated February 10, 2011, to acquire 689,700 fully paid up Equity Shares of Rs. 10/- each, at a price of Rs. 70/- per fully paid-up Equity Share ("Offer Price") payable in cash ("Open Offer").

Manager to the Offer has informed the Stock Exchange that they submitted the Draft Letter of Offer to SEBI for its approval & will inform the Stock Exchange about the Revised the Schedule of the Open Offer once the SEBI approval is obtained.

Source : BSE - >www.bseindia.com

Published on July 21, 2011
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