DYNACONS TECHNOLOGIES LTD. - Updates on Open Offer
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| 22 Aug 2014 | |
| Intensive Fiscal Services Pvt Ltd ("Manager to the Offer") on behalf of Arun Govil (Acquirer) has informed BSE about this Detailed Public Statement ("DPS") being issued to the public shareholders except parties to SPA of Dynacons Technologies Ltd ("Target Company" or "DTL"), pursuant to and in accordance with regulations 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, as amended.<br/><br/>Details of the Offer :<br/><br/>The Acquirer are making this Offer to the equity shareholders (other than parties to the SPA) of the Target Company to acquire up to 2,03,90,006 (Two Crores Three Lakhs Ninety Thousand Six Only) fully paid up equity shares of Rs. 1/- each representing 26% of the voting capital of the Target Company in terms of the SEBI (SAST) Regulations at a price of Rs. 1.30/- (Rupees One and Thirty Paisa only) per fully paid up equity share ("Offer Price") payable in cash.<br/><br/>Tentative Schedule of Activities : <br/><br/>Identified Date - September 19, 2014<br/><br/>Date of opening of the Tendering Period - October 08, 2014<br/><br/>Date of closing of the Tendering Period - October 21, 2014 | |
| View all announcements for DYNACONS TECHNOLOGIES LTD. | Source: BSE India |
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