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PITTI LAMINATIONS LTD. - Open Offer
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13 Sep 2011
BOB Capital Markets Ltd ("Manager to the Offer") for and on behalf of Smt. Madhuri S Pitti and Pitti Electrical Equipment Pvt Ltd ("Acquirers") along with Shri. Sharad B Pitti and Shri Akshay S Pitti ("Persons Acting in Concert" or "PAC"), has informed this Public Announcement ("PA") to the Public equity shareholders of Pitti Laminations Ltd ("Target Company"), pursuant to and in compliance with Regulation 11(1) and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("SEBI (SAST) Regulations"). <br/> <br/>The Offer:<br/><br/>This Offer is being made by the Acquirers along with PAC to the Public equity shareholders (other than promoter group) of the Target Company to acquire up to 26,98,340 fully paid up equity shares of face value of Rs. 10/- each of the Target Company representing 20% of the paid up equity capital and voting rights of the Target Company. This Offer is being made pursuant to and in compliance with Regulation 11(1) of SEBI(SAST) Regulations at a price of Rs. 41 per fully paid up equity share ("Offer Price") payable in cash in terms of Regulations 20 and 21 of the SEBI(SAST) Regulations ("Offer" or "Open Offer").<br/><br/>Schedule of Activities:<br/><br/>Specified Date - September 12, 2011<br/><br/>Date of Opening of the Offer - October 31, 2011<br/><br/>Date of Closing of the Offer - November 19, 2011
View all announcements for PITTI LAMINATIONS LTD. Source: BSE India