SUPER SALES INDIA LTD. - Updates on Open Offer

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SUPER SALES INDIA LTD. - Updates on Open Offer

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19 May 2014
Axis Capital Limited ("Manager to the Open Offer") on behalf of Lakshmi Cargo Company Limited (LCCL) and Lakshmi Life Sciences Limited (LLSL) (LCCL and LLSL are collectively referred to as the Acquirers) along with Sanjay Jayavarthanavelu, in his capacity as a person acting in concert with the Acquirers ("PAC") has informed this Detailed Public Statement ("DPS") for the attention of the Public Shareholders of the Super Sales India Ltd (Target Company) in compliance with Regulations 13(4), 14(3) and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI (SAST) Regulations), pursuant to the public announcement in relation to this Offer dated May 9, 2014 (PA) made in terms of Regulations 3(1) of the SEBI (SAST) Regulations.<br/><br/>Details of the Offer :<br/><br/>The Acquirer and the PACs are making this Offer to all the public shareholders of the Target Company, to acquire up to 7,98,590 Equity Shares, representing 26% of the Voting Share Capital, as of the 10th working day from the closure of the tendering period (Offer Size).<br/><br/>This Offer is being made at a price of Rs. 461/- (Rupees Four Hundred Sixty One only) (Offer Price) per Equity Share.<br/><br/>Tentative Schedule of The Activity :<br/><br/>Identified Date - June 18, 2014<br/><br/>Commencement of tendering period - July 02, 2014<br/><br/>Closure of tendering period - July 15, 2014
View all announcements for SUPER SALES INDIA LTD.	Source: BSE India

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