Systematix Corporate Services Ltd ("Manager to the Offer"), for and on behalf of Mrs. Seema Alok Pathak ("Acquirer") has issued this Public Announcement ("PA") to the shareholders of Woolite Mercantile Company Ltd ("Target Company), pursuant to and in compliance with, among others, Regulation 10 and 12 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").
The Offer:
The Acquirer is making an Offer to shareholders of the Target Company (other than the Seller) to acquire up to 3,98,400 (Three Lac Ninety Eight Thousand and Four Hundred) equity shares of the Target Company of the face value of Rs. 10/- each, representing 20% of the paid up equity share capital and voting capital of the Target Company ("Offer Size") at a price of Rs. 33.00/- (Rupees Thirty Three Only) per fully paid up equity share ("Offer Price") payable in cash in terms of Regulation 20 of the Regulations.
Schedule of Activities:
Specified Date - March 18, 2011
Date of Opening of the Offer - April 27, 2011
Date of Closing of the Offer - May 16, 2011Read More
Sensex
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Friday, March 04, 2011
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