SUASHISH DIAMONDS LTD. - Post Delisting Offer

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SUASHISH DIAMONDS LTD. - Post Delisting Offer

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22 May 2014
Inga Capital Pvt Ltd ("Manager to the Offer") on behalf of Mr. Ashish R. Goenka ("Acquirer") has informed this post offer public announcement (Post Offer Public Announcement) to the equity shareholders of Suashish Diamonds Ltd ("Target Company"), in respect of the proposed acquisition and voluntary delisting of the equity shares of Rs. 10/- each (Equity Shares) of The Target Company from BSE Ltd, which is in continuation of and should be read in conjunction with the Public Announcement ("PA") published dated April 17, 2014 published on April 18, 2014 (PA) and the Offer Letter dated April 18, 2014 (Offer Letter).<br/><br/>This Post Offer Public Announcement is issued in accordance with regulation 18 of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (Delisting Regulations)<br/><br/>Capitalized terms used but not defined in this Post Offer Public Announcement shall have the same meaning assigned to them as in the PA and the Offer Letter. <br/><br/>The Acquirer issued the PA seeking to acquire, in accordance with the Delisting Regulations and on the terms and conditions set out therein and in the Offer Letter, 21,94,500 Equity Shares representing 10.57% of the outstanding equity shares of the Company held by the Public Shareholders of the Company. Public Shareholders holding Equity Shares of the Company were invited to submit bids pursuant to the reverse book-building process (RBP) made available through the electronic system of the BSE Limited (BSE) during the Bid Period (May 13, 2014 to May 16, 2014), in accordance with the Delisting Regulations.
View all announcements for SUASHISH DIAMONDS LTD.	Source: BSE India

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