Chartered Capital and Investment Ltd (Manager to the Offer), on behalf of Mr Nandakishore Divate and Mr K Chandramouli (Acquirers), has issued this Public Announcement (PA) to the Shareholders of Mafatlal Finance Company Ltd (Target Company), pursuant to Regulations 10 & 12 and as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (hereinafter referred to as SEBI (SAST) Regulations, 1997) and subsequent amendments thereto.
The Offer:
The Acquirers intend to make an Open Offer to the shareholders of Target Company to acquire 88,74,480 equity shares of Rs 10/- each representing 20% of the voting capital of Target Company at a price of Re 1/- (Rupee One Only) per fully paid up equity share, payable in cash subject to the terms and conditions mentioned in the PA.
Schedule of Activities:
Specified Date - June 20, 2008
Date of Opening of the Offer - July 18, 2008
Date of Closing of the Offer - August 06, 2008
The Offer:
The Acquirers intend to make an Open Offer to the shareholders of Target Company to acquire 88,74,480 equity shares of Rs 10/- each representing 20% of the voting capital of Target Company at a price of Re 1/- (Rupee One Only) per fully paid up equity share, payable in cash subject to the terms and conditions mentioned in the PA.
Schedule of Activities:
Specified Date - June 20, 2008
Date of Opening of the Offer - July 18, 2008
Date of Closing of the Offer - August 06, 2008
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