Recommendations of the Committee with respect to the Open Offer made by Cloverdell Investment Ltd

| Updated on July 13, 2012 Published on July 13, 2012

Future Capital Holdings Ltd has informed BSE that, pursuant to the Open Offer made by Cloverdell Investment Ltd, the Board of Directors of the Company at its Meeting held on June 04, 2012 had constituted a Committee of Independent Directors to provide reasoned recommendations on such offer in terms of Regulation 26(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011(”SEBI regulations”).

The said Committee had met on July 12, 2012 and had provided its recommendations on the said open offer in the format prescribed by SEBI regulations and the said recommendations will be published in the Newspapers in accordance with the SEBI regulations and a copy of the said written recommendations is being submitted to BSE in terms of Regulation 26(7) of the SEBI regulations.

Source : BSE - www.bseindia.com

Published on July 13, 2012
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