Updates on Open Offer

| Updated on November 09, 2012 Published on November 09, 2012

With reference to the Public Announcement dated September 17, 2012, Detailed Public Statement ("DPS") dated September 25, 2012 regarding Open offer ("Offer") for acquisition of up to 6,21,67,050 fully paid-up equity shares of face value of Rs. 2 each ("Equity Shares"), representing 26% of the fully diluted voting equity share capital of ALSTOM T&D India Ltd (Target Company"), as of the 10th working day from the closure of the tendering period, from the public shareholders of the Target Company, by ALSTOM Holdings ("Acquirer"), under the provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (Takeover Regulations 2011")

ICICI Securities Ltd ("Manager to the Offer") has informed BSE that the schedule of activities as per the disclosure made in the DPS will undergo change after incorporating necessary changes as may be advised by SEBI. Hence, the Offer will not open on November 15, 2012 which was the date of commencement of tendering period as per the disclosures made in DPS. The revised schedule of activities in respect of the Offer will be announced after receipt of SEBIs comments, in the same newspapers in which the DPS was published. All other terms and conditions of the Offer remain unchanged.

Source : BSE - www.bseindia.com

Published on November 09, 2012
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