Open Offer

Systematix Corporate Services Ltd ("Manager to the Offer") has informed BSE regarding Open Offer for acquisition of 4,964,283 equity shares of Rs. 10/- each of Kamat Hotels (India) Limited ("Target Company"), representing 26% of its post-conversion voting capital at a price of Rs. 135/- per Share (Offer Price) by Clearwater Capital Partners (Cyprus) Ltd ("Acquirer") and Clearwater Capital Partners Singapore Fund III Pvt Ltd ("PAC"), pursuant to and in compliance Regulation 3(1) of the Securities and Exchange Board of India (Substantial acquisition of Shares and Takeovers) Regulations, 2011 as amended ("SEBI (SAST) Regulations, 2011 or "Regulations").

Source : BSE - >www.bseindia.com

Published on January 11, 2012
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