VC Corporate Advisors Pvt Ltd ("Manager to the Offer") on behalf of M/s Mandakini Holdings Pvt Ltd ("Acquirer") has issued this Public Announcement ("PA") to the Shareholders of Vybra Automet Ltd ("Target Company"), pursuant to Regulation 10 and 12 and other applicable provisions as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").
The Offer:
The Acquirer is now making this Open Offer to the shareholders of Target Company (other than the parties to the Agreement) to acquire from them 14,25,800 (Fourteen Lacs Twenty Five Thousand Eight Hundred Only) fully paid-up equity shares of Rs 10/- each, representing 20.00% of the fully paid-up equity and voting share capital at a price of Rs 10/- per share ("Offer Price") payable in cash ("Offer" or "Open Offer"). The Target Company doesn’t have any partly paid up shares as on date of this PA.
Schedule of Activities:
Specified Date – July 10, 2009
Date of Opening of the Offer – August 19, 2009
Date of Closing of the Offer – September 07, 2009
Source: Bseindia.com