Motilal Oswal Investment Advisors Pvt Ltd ("Manager to the Delisting Offer") on behalf of Hira Infra-Tek Limited (the Acquirer) has informed to BSE about this public announcement (Exit Offer PA) being issued to the public shareholders of Hira Ferro Alloys Limited ("Target Company") an exit opportunity in accordance with Regulation 21 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 and subsequent amendments thereof (Delisting Regulations). This Exit Offer PA is in continuation of and should be read in conjunction with (i) the public announcement published on May 16, 2014 (PA) in respect of the proposed acquisition and voluntary delisting of fully paid-up equity shares of the Company from BSE Limited (BSE) and Madhya Pradesh Stock Exchange Limited (MPSE) and to withdraw the permitted to trade status of the Equity Shares of the Company from the National Stock Exchange of India Limited (NSE) (traded through MPSE) in accordance with the Delisting Regulations, (ii) the letter of offer dated May 20, 2014 issued in respect thereof inviting Bids from all Public Shareholders of the Company (Letter of Offer) and (iii) the post offer public announcement dated June 26, 2014 (Post Offer PA) in accordance with Regulation 18 of the Delisting Regulations.
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