PALRED TECHNOLOGIES LIMITED

Palred Technologies Limited - Open Offer

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06 Aug 2014
Mark Corporate Advisors Pvt Ltd ("Manager to the Open Offer") has submtited to BSE a Copy of Publi Announcement ("PA") regarding Open Offer for Acquisition of 1,01,49,700 fully paid up Equity Shares of the face value of Rs. 5 each (Equity<br/>Shares) constituting 26% of the Voting Capital of Paired Technologies Limited (formerly known as Four Soft Ltd) (PTL/"Target Company") by Mr. Palem Srikanth Reddy ("Acquirer") along with Ms. Stuthi Reddy ("Persons Acting in Concert/PAC").<br/><br/>Offer Price / Consideration: The Offer price of Rs. 16.70 per fully paid-up Equity Share of face value of Rs. 5 each, is calculated in accordance with Regulations 8(1) and 8(2) of the Regulations (Offer Price), aggregating to a consideration of up to Rs. 16,94,99,990 (Rupees Sixteen Crores Ninety Four Lakhs Ninety Nine Thousand Nine Hundred and Ninety only), assuming full acceptance in the Open Offer.
View all announcements for Palred Technologies Limited	Source: BSE India

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