Others

Post Open Offer Status

| Updated on July 18, 2012 Published on July 18, 2012

Ashika Capital Ltd ("Manager to the Offer") for and on behalf of Mr. Sonal Nitin Somani & Mr. Nitin Prabhudas Somani ("Acquirer") has informed this Post Offer Public Announcement to the Shareholders of Hasti Finance Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") published on March 07, 2012 & Corrigendum to the PA dated June 01, 2012, in terms of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations"), to acquire 19,70,900 equity Shares of Rs. 10/- each representing 20% of Post Issue Capital of the Target Company, at an Offer Price of Rs. 82.50 per share plus interest of Rs. 7.50 per share aggregating to Rs. 90.00 per share, payable in cash.

Source : BSE - www.bseindia.com

Published on July 18, 2012
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