Yes Bank Ltd ("Manager to the Offer"), on behalf of Mahindra & Mahindra Ltd ("Acquirer"), has issued this Public Announcement ("PA") to the Shareholders of EPC Industrie Ltd ("Target Company"), pursuant to and in compliance with among others, Regulations 10 and 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI Takeover Regulations").
The Offer:
The Acquirer, in compliance with Regulations 10 and 12 of the SEBI Takeover Regulations, is hereby making this Offer to acquire, upto 34,51,613 equity shares of Rs 10/- each, representing 20% of the Emerging Voting Capital of Target Company from the Public Shareholders of Target Company at a price of Rs 66.55 per Share (the "Offer Price") payable in cash subject to the terms and conditions mentioned in PA.
Schedule of Activities:
Specified Date - February 11, 2011
Date of Opening of the Offer - April 06, 2011
Date of Closing of the Offer - April 25, 2011
Sensex
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Friday, February 11, 2011
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