Industrial Investment - Open Offer to the shareholders of Indo Green Projects
Systematix Corporate Services Ltd (”Manager to the Offer”), on behalf of Industrial Investment Trust Ltd (”Acquirer”), has issued this Public Announcement (”PA”) to the Shareholders of Indo Green Projects Ltd (”Target Company”), pursuant to Regulation 10 & 12 and in compliance with the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (”SEBI (SAST) Regulations”) and subsequent amendments thereto.
The Offer:
The Acquirer is now making this Open Offer (”Offer”) to the shareholders of the Target Company (Other than parties to the Agreement) to acquire up to 9,98,180 equity shares of Rs 10 each, representing 20 % of the voting capital at a price of Rs 38/- per Share (”Offer Price”), payable in cash in the terms of regulation 20 of the Regulations.
Schedule of Activities:
Specified Date - May 23, 2008
Date of Opening of the Offer - June 19, 2008
Date of Closing of the Offer - July 08, 2008
Tags: Industrial Investment