SUZLON ENERGY LTD. - Open Offer

Rediff Moneywiz

Hi Guest
Feedback

SUZLON ENERGY LTD. - Open Offer

Download	< Back
14 Feb 2015
IndusInd Bank Ltd ("Manager to the Offer") has informed BSE regarding Open Offer for Acquisition of upto 1,57,64,38,113 equity shares of Rs. 2/- each from the Public Shareholders of Suzlon Energy Ltd ("Target Company") by Family Investment Pvt. Ltd. ("Acquirer I"), Quality Investment Pvt. Ltd. ("Acquirer II"), Viditi Investment Pvt. Ltd. ("Acquirer III"), Virtuous Finance Pvt. Ltd. ("Acquirer IV"), Virtuous Share Investments Pvt. Ltd. ("Acquirer V"), Tejaskiran Pharmachem Industries Pvt Ltd ("Acquirer VI"), Sunrise Associates ("Acquirer VII"), Goldenstar Enterprises ("Acquirer VIII"), Pioneer Resources ("Acquirer IX"), Expert Vision ("Acquirer X"), Aalok D. Shanghvi ("Acquirer XI"), Vibha Shanghvi ("Acquirer XII"), Vidhi D Shanghvi ("Acquirer XIII"), Neostar Developers LLP ("Acquirer XIV"), Real Gold Developers LLP ("Acquirer XV"), Suraksha Buildwell LLP ("Acquirer XVI"), Sudhir V. Valia ("Acquirer XVII"), Raksha S. Valia ("Acquirer XVIII"), Vijay M. Parekh ("Acquirer XIX") and Paresh M. Parekh ("Acquirer XX") (collectively referred to as "Acquirers") together with the Promoter Group (as defined below) of the Target Company as the persons acting in concert (collectively referred to as "PACs") with the Acquirers. Save and except for the PACs, no other person is acting in concert with the Acquirers for the purpose of this Open Offer. <BR><BR>This public announcement is under Regulation 3(2), 4 and Read with Regulation 15(1) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.<BR><BR>Offer Details:<BR><BR>Offer Size: Upto 1,57,64,38,113 equity shares of Rs. 2/- each, representing 26% of Emerging Voting Capital (as defined below) of the Target Company.<BR><BR>Offer Price: The Offer Price is Rs. 18/- (Rupees Eighteen only) per fully paid-up equity share ("Offer Price") aggregating to Rs.<BR>2837,58,86,034/- (Rupees Two Thousand Eight Hundred Thirty Seven Crores Fifty Eight Lacs Eighty Six Thousand and Thirty Four only). The Offer Price is also subject to finalization of the price for the proposed preferential issue of equity shares as on the relevant date, i.e. February 16, 2015.
View all announcements for SUZLON ENERGY LTD.	Source: BSE India

ALL MONEYWIZ PAGES