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Open Offer

| Updated on October 10, 2014 Published on October 10, 2014

Mark Corporate Advisors Pvt Ltd (Manager to the Offer) has informed BSE that on October 10, 2014, Anil Agarwal (HUF) ("Acquirer") have entered into a Share Purchase Agreement ("SPA") with the Promoter/Promoter Group ("Sellers") of the Target Company for acquisition of 50,36,607 fully paid up equity shares (5.37% of the paid-up Capital).

Pursuant to the SPA, the Acquirer has triggered the Open Offer to acquire 2,43,67,200 fully paid-up equity shares of face value of Rs. 1 each of the Target Company. The Open Offer has been given under Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto [SEBI (SAST) Regulations, 2011] requiring the Public Announcement in terms of Regulation 13 of the said Regulations.

Accordingly, in terms of Regulation 13 read with Regulation 14 of SEBI (SAST) Regulations 2011, Mark Corporate Advisors Private Limited, Manager to the Offer, has submitted to BSE the copy of the Public Announcement.

Source : BSE - www.bseindia.com

Published on October 10, 2014
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