Updates on Open Offer

HSBC Securities and Capital Markets (India) Private Limited and Kotak Mahindra Capital Company Limited, the joint managers to the Offer (“Managers”), for and on behalf of Reco Berry Private Limited (“Acquirer”) has informed BSE about this advertisement ("Offer Opening Public Announcement") to the Public Shareholders of Nirlon Ltd ("Target Company"), in compliance with Regulation 18(7) of the SEBI(SAST) Regulations, 2011 and subsequent amendments thereto ("SEBI(SAST) Regulations") in respect of the open offer ("Offer") to acquire up to 25,600,000 equity shares of Target Company. The Offer Opening Public Announcement is to be read together with the Public Announcement dated December 23, 2014 ("PA"), the Corrigendum to the Public Announcement Dated December 30, 2014 ("Corrigendum to the PA"), the Detailed Public Statement that was published on December 31, 2014 ("DPS"), the Corrigendum to the Detailed Public Statement that was published on March 13, 2015 ("Corrigendum to the DPS"), and the Letter of Offer dated March 05, 2015 ("LoF").

Offer Price :

The price being offered under this Open Offer is INR 222 per Equity Share ("Offer Price"). The Offer Price will be paid in cash in accordance with Regulation 9(1)(a) of the SEBI (SAST) Regulation, 2011 and subject to the terms and conditions mentioned in the PA, the Corrigendum to the PA, the DPS, the Corrigendum to the DPS and the LoF. There has been no revision to the Offer Price.

Pdf Link: >Updates on Open Offer

Source : BSE - >www.bseindia.com

Published on March 18, 2015
TOPICS

Related

This article is closed for comments.
Please Email the Editor