Centrum Capital Ltd ("Manager to the Offer") on behalf of Primus Retail Pvt Ltd ("PRPL"), M/s IndusAge Advisors Ltd ("IAL") and M/s Growsafe Securities Pvt Ltd ("GSPL") ("Acquirers") along with Mr. Salim Govani and M/s Foresight Enterprises ("Persons Acting in Concert "/ "PAC") has issued this Public Announcement ("PA" or "Public Announcement") to the Equity shareholders of Madhusudan Securities Ltd ("Target Company"/ "MSL"), Pursuant to and in compliance with Regulations 10 and 12 and other applicable provisions/regulations of the Securities Exchange Board of India (Substantial Acquisition of shares and Takeover) Regulations 1997 and subsequent amendments thereto ("SEBI(SAST) Regulations"/"Takeover Regulations")
The Offer:
The Acquirers along with PACs are making this Offer to the public shareholders of Target Company (i.e. shareholders other than Acquirers, PACs and promoter group shareholders) to acquire 689700 fully paid up equity shares of Rs 10 each of Target Company representing the public shareholding 45.98% of the existing paid up and voting share capital and 9.02 of the emerging paidup and voting share capital of Target Company (provided MSL issued 6,142,857 equity shares as part consideration under BTA) at a price of Rs 70/- per fully paid up Equity Share ("Offer Price") aggregating of Rs 48.28 million ("Offer Size") payable in cash subject to the terms and conditions mentioned in PA.
Schedule of Activities:
Specified Date - March 11, 2011
Date of Opening of the Offer - April 04, 2011
Date of Closing of the Offer - April 23, 2011
Sensex
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Friday, February 11, 2011
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