VC Corporate Advisors Pvt Ltd ("Manager to the Offer") on behalf of Tara Holdings Private Ltd and Kalpena Industries Ltd ("Acquirers") has issued this Public Announcement ("PA") to the Shareholders of Sarla Gems Ltd ("Target Company"), pursuant to Regulations 10, 11(1), 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. (hereinafter referred to as the "Regulations")
The Offer:
The Acquirers are making this Offer to the public shareholders of the Target Company to acquire from them 11,05,707 fully paid up equity shares of Rs 10/- each representing 20% of the Emerging Voting Capital at a price of Rs 10/- per share ("Offer Price") payable in cash ("Offer" or "Open Offer").
Schedule of Activities:
Specified Date – August 28, 2009
Date of Opening of the Offer – September 30, 2009
Date of Closing of the Offer – October 19, 2009
Source: Bseindia.com