DYNACONS TECHNOLOGIES LTD. - Open Offer

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DYNACONS TECHNOLOGIES LTD. - Open Offer

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14 Aug 2014
Intensive Fiscal Services Pvt Ltd ("Manager to the Buy back Offer") has submitted to BSE a Copy of Public Announcement regarding Open Offer for acquisition of upto 2,03,90,006 (Two Crores Three Lakhs Ninety Thousand Six Only) fully paid up equity shares of Re. 1 each from public shareholders except parties to SPA of Dynacons Technologies Limited (Target Company or DTL) by Arun Govil (Acquirer) 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 (SEBI (SAST) Regulations, 2011 or Regulations).<br/><br/>Offer Details:<br/><br/>Offer Size: The Acquirer is hereby making a mandatory Open Offer in terms of SEBI (SAST) Regulations, 2011 to the equity shareholders 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 (Offer Size) bearing a face value of Re. 1/- each representing 26.00% of the total issued, subscribed, paid up and voting capital of the Target Company pursuant to Share Purchase Agreement (SPA) dated August 08, 2014.<br/><br/>Price/ consideration : An offer price of Rs. 1.30/- (Rupee One and Thirty Paisa Only) per fully paid up equity share of Re. 1/- each of the Target Company (hereinafter referred to as Offer Price) will be offered to the equity shares tendered in the Offer. Assuming full consideration, the total consideration payable by the Acquirer will be Rs. 2,65,07,008/- (Rupees Two Crore Sixty Five Lakh Seven Thousand Eight Only) (hereinafter referred to as Offer Consideration).
View all announcements for DYNACONS TECHNOLOGIES LTD.	Source: BSE India

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