Capital Trust - Open Offer
D & A Financial Services Pvt Ltd ("Manager to the Offer") on behalf of M/s I. C. Construction & Services Ltd ("Acquirer") along with M/s Indo Crediop Pvt Ltd & Mr Yogen Khosla ("Persons Acting in Concert"/ "PACs") ) has issued this Public Announcement ("PA") to the Equity Shareholders of Capital Trust Ltd ("Target Company"), pursuant to & in compliance with Regulation 11(1) as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SEBI (SAST) Regulations, 1997") & Subsequent amendments thereto.
The Offer:
The Acquirer intend to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of the Target Company to acquire 15,00,000 equity shares of Rs 10/- each representing 20% of the total paid up capital/ voting share capital of the Target Company at a price of Rs 10.00 (Rupees Ten Only) per fully paid up equity share ("Offer Price") payable in cash subject to the terms & conditions mentioned in PA.
Schedule of Activities:
Specified Date - July 24, 2009
Date of Opening of the Offer - August 19, 2009
Date of Closing of the Offer - September 07, 2009
The Offer:
The Acquirer intend to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of the Target Company to acquire 15,00,000 equity shares of Rs 10/- each representing 20% of the total paid up capital/ voting share capital of the Target Company at a price of Rs 10.00 (Rupees Ten Only) per fully paid up equity share ("Offer Price") payable in cash subject to the terms & conditions mentioned in PA.
Schedule of Activities:
Specified Date - July 24, 2009
Date of Opening of the Offer - August 19, 2009
Date of Closing of the Offer - September 07, 2009
posted by Admin at
Friday, July 03, 2009
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