Industrial Investment - Updates on 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 Corrigendum to the Public Announcement to the Equity Shareholders of Indo Green Projects Ltd (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (”PA”) dated May 05, 2008, pursuant to and in compliance with, among others, regulation 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (’Regulations’), the shareholders are requested to note the following:
1. The Securities and Exchange Board of India (”SEBI”) issued its observations / comments on the draft Letter of Offer on June 19, 2008. The dates with respect to various activities as per the disclosures made in the PA have undergone a change. The revised schedule of activities are as follows:
------------------------------------------------------------------------------------------ Activity Original Schedule Revised Schedule ------------------------------------------------------------------------------------------ Specified Date May 23, 2008 May 23, 2008 Date of Opening of the Offer June 19, 2008 July 02, 2008 Date of Closing of the Offer July 08, 2008 July 21, 2008 ------------------------------------------------------------------------------------------
2. All other terms and conditions of the Offer remain unchanged
Tags: Industrial Investment