Updates on Open Offer

Ashika Capital Ltd ("Manager to the Open Offer") for and on behalf of Gulf Petrochem Energy Pvt Ltd & Gulf Petrochem Pte Ltd ("Acquirers") has informed this Addendum to the Public Announcement and Detailed Public Statement ("Addendum") to the public shareholders of Sah Petroleums Ltd ("Target Company"), which is in continuation of and shall be read in conjunction with the Public Announcement dated June 25, 2014 and Detailed Public Statement published on June 30, 2014, under Regulations 3(1) & (4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011and subsequent amendments thereof ("SEBI(SAST) Regulations, 2011") to acquire upto 12,754,091 fully paid-up equity shares of Rs.5/- each (Offer Size"), constituting 25.02% of the voting share capital of the Target Company at a price of Rs.15.70/- (Rupees Fifteen and Seventy Paisa Only) per share ("Offer Price").

Source : BSE - >www.bseindia.com

Published on October 07, 2014
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