Transwarranty Capital Pvt Ltd ("Manager to the Offer") on behalf of Bharti Consumer Marketing Pvt Ltd, Agallochun Investment Pvt Ltd, Aught Investment Pvt Ltd, Anil Hospitality Ventures Ltd (previously called as Aseem Realty Pvt Ltd, Rahil Marketing Pvt Ltd (Previously called as Abloom Investments Pvt Ltd), Agranil Marketing Ltd & Ascent Learning Pvt Ltd ("Main Acquirers") has issued this Public Announcement ("PA") to the Equity shareholders of the Anil Products Ltd ("Target Company"), pursuant to & in compliance with Regulation 11(1) of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulation 1997 ("the Regulations") & subsequent amendments thereto.
The Offer:
The Acquirers are making an Open Offer to the Public Shareholders (i.e. Shareholders other than the Acquirer & promoter group shareholders of the Target Company) to acquire 19,53,234 Equity shares of Rs 10/- each, at a price of Rs 73.56/- (Rupees Seventy Three & Fifty Six Paise only which including interest 0.56 Paise), representing 20% of the issued, subscribed, paid up & voting capital of the Target Company after the exercise of warrants allotted on a preferential basis to the promoter group shareholders.
Schedule of Activities:
Specified Date – May 19, 2009
Date of Opening of the Offer – June 19, 2009
Date of Closing of the Offer – July 08, 2009
Source: Bseindia.com