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Updates on Open Offer

| Updated on August 01, 2014 Published on August 01, 2014

Equirus Capital Private Limited (“Manager to the Offer”) for and on behalf of HAL Offshore Limited (“Acquirer) has informed this Pre offer Announcement to the shareholders of Seamec Ltd ("Target Company"), pursuant to and in compliance with Regulation 18(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (as amended) (“SEBI (SAST) Regulations, 2011”) in respect of the open offer (“Open Offer”) to acquire up to 8,814,000 fully paid-up equity shares of the Target Company having a face value of Rs. 10 each (“Equity Shares”), representing 26% of the Voting Share Capital. The detailed public statement (“DPS”) with respect to the Open Offer was published on April 29, 2014. Further a corrigendum to the detailed public statement with respect to the original and revised schedule of activities for the Open Offer was published on July 17, 2014. The letter of offer dated July 18, 2014 (“Letter of Offer”) with respect to the Open Offer was dispatched to the Shareholders by July 23, 2014. Capitalised terms used but not defined in this Announcement shall have the meaning assigned to such terms in the DPS and Letter of Offer, as applicable.

Source : BSE - >www.bseindia.com

Published on August 01, 2014
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