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Thursday, January 27, 2011

White Diamond Industries Ltd: Post Offer Status

Arihant Capital Markets Ltd ("Manager to the Offer") on behalf of M/s Sapna Infratech Pvt Ltd ("Acquirer") and Mr. Mahesh M Rupani, Mr. Prashant M Rupani & Mr Darshak M Rupani (Persons Acting in Concert (PACs)), has issued this Post Offer Public Announcement to the Equity Shareholders of White Diamond Industries Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated on September 03, 2010 & Corrigendum to the PA ("CPA") dated December 21, 2010, under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto, to acquire 17,00,000 equity shares of Rs. 10/- each representing 20% of the outstanding voting capital of the Target Company at a price of Rs. 10 (Rupees Ten) per fully paid-up equity share payable in cash, are as under:

Details of Acquisition: Read More

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