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MANGALORE CHEMICALS & FERTILIZERS LTD. - Updates on Open Offer


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30 Dec 2014
ICICI Securities Ltd ("Manager to the Open Offer") on behalf of the Zuari Fertilisers and Chemicals Limited (acquirer) together with Zuari Agro Chemicals Limited ("Persons Acting in Concert" or PACs) has informed this corrigendum (Offer Size Revision Corrigendum) in respect of the Offer to the Shareholders of Mangalore Chemicals & Fertilizers Ltd ("Target Company") pursuant to and in compliance with Regulation 18(4) and 18(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (SEBI (SAST) Regulations) with respect to an upward revision in the Offer Size from 3,07,00,000 (Three Crore Seven Lakh) Equity Shares, representing 25.90% (Twenty Five point Nine Per Cent) of the Voting Share Capital to 4,33,29,000 (Four Crore Thirty Three Lakh Twenty Nine Thousand) Equity Shares, representing 36.56% (Thirty Six point Five Six Per Cent) of the Voting Share Capital (Revised Offer Size).

Source: BSE India

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