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Open Offer

| Updated on August 25, 2014 Published on August 25, 2014

Ladderup Corporate Advisory Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Public Announcement ("PA") regarding Open Offer (the “Offer”) for acquisition of 1,41,368 (One Lac Forty One Thousand Three Hundred and Sixty Eight Only) fully paid up Equity Shares of Rs. 10/- each from the Public Shareholders of Matru Smriti Traders Ltd ("Target Company” or “MSTL”) by Shreeji Corporate Solutions & Trade Pvt Ltd (Acquirer), 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 (“SEBI (SAST) Regulations”).

Offer Details:

Offer Size: The Acquirer is hereby making a mandatory Open Offer in terms of SEBI (SAST) Regulations, 2011 to the public shareholders of the Target Company to acquire 1,41,368 (One Lac Forty One Thousand Three Hundred and Sixty Eight Only) fully paid up equity shares (“Offer Size”) of Rs. 10/- each representing 26.00% of the total issued, subscribed, paid up and voting capital of the Target Company pursuant to Share Purchase Agreement (SPA) dated August 21, 2014.

Price/ consideration : An offer price of Rs. 15/- per equity share of Rs. 10/- each of the Target Company (“Offer Price”) aggregating to Rs. 21,20,520 (Rupees Twenty One Lacs Twenty Thousand Five Hundred and Twenty Only) (“Offer Consideration”).

Source : BSE - www.bseindia.com

Published on August 25, 2014
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