SMC Capitals Ltd (formerly known as Nexgen Capitals Ltd ("Manager to the Offer") on behalf of Mr. Premal S Parekh, Mrs. Neha P Parekh, Mr. Paras K Mehta, Mr. Parag K Mehta, Mrs. Hansa P Shah, Mr. Kushal P Shah, Mr. Alpesh K Dedhia, Mr. Krishna C Birmole & Mrs. Anuradha K Birmole ("Acquirers") alongwith Mr. Manoj B Shah, Mrs. Shaila M Shah, Mr. Faiyaz Rangwala, Mrs. Sara Rangwala ("Persons Acting in Concert"/ "PACs") has issued this Public Announcement ("PA") to the Equity Shareholders of Anukaran Commercial Enterprises Ltd ("Target Company"), pursuant to Regulation 10 read with Regulation 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 [SEBI (SAST) Regulations, 1997] and subsequent amendments thereto ("Regulations").
The Offer:
The Acquirers hereby announce an offer under the Regulations, to acquire by tender upto 192000 fully paid-up equity shares of Rs 10/- each of the Target Company representing 20% of its paid up equity share capital from the remaining shareholders of the Target Company (other than "Sellers, Acquirers") on the terms & subject to the conditions set out in PA, at a price of Rs 20/- (Rupees Twenty Only) per equity share ("Offer Price") payable in cash ("Offer").
Schedule of Activities:
Specified Date – July 31, 2009
Date of Opening of the Offer – August 22, 2009
Date of Closing of the Offer – September 10, 2009
Source: Bseindia.com