Mark Corporate Advisors Pvt Ltd ("Manager to the Open Offer") for and on behalf of Mr. Palem Srikanth Reddy ("Acquirer") along with Ms. Stuthi Reddy ("Persons Acting in Concert/PAC") has informed this Detailed Public Statement (DPS) to the Equity Shareholders of Palred Technologies Ltd ("Target Company"), in compliance with Regulation 13(4) of the SEBI (SAST) Regulations pursuant to the Public Announcement (PA) filed with BSE Limited (BSE), National Stock Exchange of India Limited (NSE), Target Company on August 06, 2014 and with Securities and Exchange Board of India (the SEBI) on August 07, 2014 in terms of Regulation 3(1) of the SEBI (SAST) Regulations.
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