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Phoenix Lamps Limited - Open Offer
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06 May 2015
Suprajit Engineering Ltd has informed BSE about the following:&lt;BR&gt;&lt;BR&gt;This Public Announcement (&quot;PA&quot;) is being issued by Karvy Investor Services Limited (the &quot;Manager to the Offer&quot;) for and on behalf of Suprajit Engineering Limited (&quot;Acquirer&quot;) to the shareholders of Phoenix Lamps Limited (&quot;Target Company&quot;) pursuant to, and in compliance with, Regulations 3(1) and 4 read with Regulations 13(1) and 15(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (the &quot;SEBI (SAST) Regulations, 2011&quot;).&lt;BR&gt;&lt;BR&gt;Size: The Acquirer hereby makes this offer to the shareholders of the Target Company for acquisition of 72,85,018 (Seventy Two Lakhs Eighty Five thousand eighteen only) equity shares of face value Rs. 10/- each, constituting 26% of Issued and Subscribed Capital and Voting Capital of the Target Company.&lt;BR&gt;&lt;BR&gt;Price/ consideration: The offer price is Rs. 100/- (Rupees One Hundred only) per fully paid up Equity Share (&quot;Offer Price&quot;) of the Target Company, aggregating to Rs. 72,85,01,800/- (Rupees Seventy Two Crore Eighty Five Lakh One Thousand Eight Hundred only) which has been calculated in accordance with Regulation 8(2) of SEBI (SAST) Regulations, 2011.
View all announcements for Phoenix Lamps Limited Source: BSE India