AHLCON PARENTERALS (INDIA) LTD. - Delisting Offer

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AHLCON PARENTERALS (INDIA) LTD. - Delisting Offer

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17 Oct 2014
Kotak Mahindra Capital Company Ltd ("Manager to the Offer") on behalf of B. Braun Singapore Pte Ltd ("Acquirer", or<br/>"B Braun") has informed to BSE this public announcement ("Public Announcement") to the public shareholders of Ahlcon Parenterals (India) Limited ("Target Company"), in respect of the proposed acquisition and delisting of the fully paid-up equity shares of the Company from the BSE Ltd (the "BSE"), the Delhi Stock Exchange Ltd (the "DSE"), the Calcutta Stock Exchange Ltd (the "CSE"), and the Jaipur Stock Exchange Ltd (the "JSE" and together with the foregoing, the "Stock Exchanges") pursuant to Regulation 10 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (as amended from time to time) ("SEBI Regulations" and hereinafter, referred to as the "Offer").<br/><br/>The Offer<br/><br/>The Acquirer is making this Public Announcement to the public shareholders (as defined under the SEBI Regulations) of the Company (Public Shareholders) to acquire all outstanding Shares currently not held by the Promoters, being 1,800,038 Shares (Offer Shares) representing 25.00% of the Companys Equity Capital, in accordance with the provisions of the SEBI Regulations and on the terms and subject to the conditions set out herein below. Consequent to the Offer, and upon the<br/>Promoters shareholding reaching a minimum of 90.0% of Companys Equity Capital, the Acquirer will seek to voluntarily delist the Shares from the Stock Exchanges where the Company is currently listed, in accordance with the SEBI Regulations.<br/><br/>The Shares are currently listed on BSE, DSE, CSE and JSE. The Shares are infrequently traded on the BSE within the<br/>meaning of explanation to Regulation 15(2) of the SEBI Regulations and not traded on DSE, CSE and JSE. The Acquirer<br/>is seeking to delist the Shares from all the Stock Exchanges on which the Shares are currently listed.<br/><br/>The Acquirer has determined Rs 269 (Rupees Two Hundred and Sixty Nine) per Share as the Floor Price in terms of Regulation 15(2) read with Regulation 15(3) of the SEBI Regulations.<br/><br/>The Acquirer shall announce the Discovered Price, its decision to accept or reject the Discovered Price or to offer a price higher than the Discovered Price and the Exit Price, if any, in the same newspapers in which this Public<br/> Announcement has appeared.<br/><br/>Proposed Timetable for the Offer<br/><br/>Specified Date - October 10, 2014<br/>Bid Opening Date (10 a.m.) - October 29, 2014<br/>Bid Closing Date (3 p.m.) - October 31, 2014
View all announcements for AHLCON PARENTERALS (INDIA) LTD.	Source: BSE India

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