Bombay Rayon Fashions Ltd: Updates on Open Offer to the shareholders of STI India

Axis Bank Ltd ("Manager to the Offer") on behalf of Bombay Rayon Fashions Ltd ("Acquirer") has issued this Corrigendum to the Public Announcement ("Corrigendum") to the Equity Shareholders of STI India Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") published on November 01, 2010 & Corrigendum to the PA dated January 21, 2011, pursuant to Regulations 10 and 12 of, & in compliance with, the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations" or "SEBI (SAST) Regulations").

The Shareholders are requested to take note that the Revised Schedule of activities as per the table given below:

Revised schedule of activities:

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ActivityOriginal Schedule(1)Revised Schedule(2)
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Specified DateNovember 26, 2010November 26, 2010
Date of Opening of the OfferDecember 16, 2010January 29, 2011
Date of Closing of the OfferJanuary 05, 2011February 17, 2011
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(1) As per the PA published on November 01, 2010.
(2) All the references to the day and dates as mentioned in the revised schedule of activities and wherever appearing in the First Corrigendum to the PA and Letter of Offer (including the Form of Acceptance-cum-Acknowledgement and Form of Withdrawal) dispatched to the shareholders on January 24, 2011, shall now be read as per the revised schedule given herein above.Read More