Fulford India Open Offer at Rs.575

Ambit Corporate Finance Pvt Ltd ("Manager to the Offer"), on behalf of Dashtag ("the Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Fulford India Ltd (Target Company), pursuant to and in compliance with Regulation 11(1) and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI Takeover Code") has announced as below:

The Offer

This Offer is made by the acquirer to acquire upto 780,000 shares (the "Offer Size"), which is 20.00% of the Post Preferential Issue Capital. The offer is being made at a price of Rs 575 per Share (the "Offer Price") to be paid in cash in accordance with SEBI Takeover Code and subject to the terms and conditions mentioned hereinafter and as will be set out in the Letter of Offer in relation to the Offer (the "Letter of Offer").

Schedule of Activities:

Specified Date: December 08, 2006

Date of Opening of the Offer: January 10, 2007

Date of Closing of the Offer: January 29, 2007

Source : Equity Bulls

Keywords