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Open Offer

| Updated on May 19, 2016 Published on May 19, 2016

Intensive Fiscal Services Pvt Ltd ("Managers to the Open Offer"), has submitted to BSE a Copy of Public Announcement ("PA") regarding Open offer for acquisition of up to 28,44,244 (Twenty Eight Lakhs Forty Four Thousand Two Hundred Forty Four only) fully paid up equity shares of Rs. 10/- each from public equity shareholders of Rajkumar Forge Limited (“Target Company” or “RFL”) except parties to Share Purchase Agreement (“SPA”) dated May 18, 2016 by Western India Forgings Pvt. Ltd, Krishankumar Jindal and Arun Jindal (“Acquirers”) pursuant to and in accordance with Regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“Regulations”).

Offer Details:

Offer Size: The Acquirers are hereby making a mandatory Open Offer in terms of SEBI (SAST) Regulations, 2011 to the equity shareholders of the Target Company to acquire up to 28,44,244 (Twenty Eight Lakhs Forty Four Thousand Two Hundred Forty Four only) fully paid up equity shares (“Offer Size”) bearing a face value of Rs. 10/- each representing 26.00% of the total issued, subscribed, paid up and voting capital of the Target Company.

Price/consideration: An offer price of Rs. 32/- (Rupees Thirty Two Only) per fully paid up equity share of Rs. 10/- each of the Target Company (“Offer Price”) will be offered to the equity shares tendered in the Offer. Assuming full acceptance, the total consideration payable by the Acquirers will be Rs.9,10,15,808/- (Rupees Nine Crores Ten Lakhs Fifteen Thousand Eight Hundred And Eight only) (hereinafter referred to as “Offer Consideration”).

Pdf Link: >Open Offer

Source : BSE - >www.bseindia.com

Published on May 19, 2016
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