Others

Updates on Open Offer to the Shareholders of Shanthi Gears

| Updated on October 10, 2012 Published on October 10, 2012

Enam Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a Copy of the Letter of Offer regarding Open Offer by Tube Investments of India Ltd ("Acquirer"), to the equity shareholders of Shanthi Gears Ltd ("Target Company") to acquire 2,12,46,122 Equity Shares of Rs. 1/- each fully paid up ("Equity Shares") representing 26% of the existing outstanding voting Equity Share Capital, at a price of Rs. 81/- per fully paid-up Equity Share ("Offer Price") payable in cash ("Offer" or "Open Offer") under the SEBI (Substantial Acquisition and Takeover) Regulations, 2011 and amendments thereto ("SEBI (SAST) Regulations").

Revised Schedule of Activities:

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Activity Original Schedule Revised Schedule
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Identified Date August 22, 2012 October 01, 2012
Date of Commencement of Tendering Period (Offer Opening Date) September 05, 2012 October 16, 2012
Date of Expiry of Tendering Period (Offer Closing Date) September 18, 2012 October 31, 2012
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------


Source : BSE - >www.bseindia.com

Published on October 10, 2012
This article is closed for comments.
Please Email the Editor