rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
ALFA LAVAL (INDIA) LTD. - Post Delisting Offer
Download announcement < Back
04 Apr 2012
JM Financial Consultants Pvt Ltd (&quot;Manager to the Delisting Offer&quot;) on behalf of Alfa Laval Corporate AB, Sweden (&quot;Promoter&quot;) has infomed this Post Offer Public Announcement in respect of the voluntary delisting of the equity shares (&quot;Equity Shares&quot;) of Alfa Laval (India) Ltd (&quot;Taget Company&quot;), which in continuation to and should be read in conjunction with the public announcement published on January 20, 2012 (&quot;PA&quot;), the offer letter dated January 23, 2012 (&quot;Offer Letter&quot;) and the post offer public announcement published on March 5, 2012 (&quot;Post Offer Public Announcement&quot;), pursuant to a delisting offer (&quot;Delisting Offer&quot;) in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (&quot;Delisting Regulations&quot;). &lt;br/&gt;&lt;br/&gt;Capitalised terms used but not defined in this Advertisement shall have the same meaning assigned to them as in the PA or the Offer Letter or the Exit Offer Letter.&lt;br/&gt;&lt;br/&gt;1. Intimation of Date of Delisting:&lt;br/&gt;&lt;br/&gt;Pursuant to the Delisting Offer made by the Promoter to the public shareholders of the Company and the Post Offer Public Announcement made on March 05, 2012, Manager to the Delisting Offer on behalf of the Company had applied to the BSE Ltd (&quot;BSE&quot;) on March 09, 2012 to delist the Equity Shares of the Company from the BSE while the Company had applied to the National Stock Exchange of India Ltd (&quot;NSE&quot;) on March 09, 2012 to delist its Equity Shares from NSE.&lt;br/&gt;&lt;br/&gt;BSE its letter and read with notice both dated March 29, 2012 and NSE its letter and Circular both dated March 29, 2012 have communicated that trading in the Equity Shares of the Company will be discontinued with effect from April 12, 2012 (i.e. w.e.f. closing hours of trading on April 11, 2012) and that the scrip of the Company will be delisted from the exchange records with effect from April 19, 2012 (&quot;Date of Delisting&quot;). &lt;br/&gt;&lt;br/&gt;The delisting of the Equity Shares means that they will no longer be traded on the BSE or the NSE and a liquid market for trading of the Equity Shares will cease to exist.&lt;br/&gt;&lt;br/&gt;2. Outstanding Equity Shares after Delisting:&lt;br/&gt;&lt;br/&gt;In accordance with Regulation 21(1) of the Delisting Regulations, and as announced earlier in the Post Offer Public Announcement, the remaining public shareholders of the Company who did not or were not able to participate in the Reverse Book Building (&quot;RBB&quot;) process or who unsuccessfully tendered their equity shares in RBB process will be able to offer their Equity Shares to the Promoter at the price of Rs. 4,000/- per equity share (&quot;Exit Price&quot;) for a period of one year starting from the Date of Delisting i.e. from April 19, 2012 to April 18, 2013 (&quot;Exit Period&quot;).&lt;br/&gt;&lt;br/&gt;The offer letters (&quot;Exit Offer Letter&quot;) in this regard shall be dispatched on or before April 18, 2012 to the remaining public shareholders whose name appears in the register of members of the Company.&lt;br/&gt;&lt;br/&gt;3. Payment of Consideration to residual shareholders:&lt;br/&gt;&lt;br/&gt;Subject to any regulatory approvals as may be required, the Promoter intends to make payments on a monthly basis, within 10 working days of the end of the relevant month (&quot;Monthly Payment Cycle&quot;). Payments will be made only to those public shareholders who have validly tendered their Equity Shares, by following the instructions laid out in the Exit Offer Letter and the enclosed application form (&quot;Exit Application Form&quot;). It is being clarified that the first Monthly Payment Cycle shall commence from April 30, 2012.&lt;br/&gt;&lt;br/&gt;All other terms and conditions set forth in the PA and the Offer Letter shall remain unchanged .
View all announcements for ALFA LAVAL (INDIA) LTD. Source: BSE India