Ram Ratna Wires - Post Offer Status
Networth Stock Broking Ltd (”Manager to the Offer”) for and on behalf of R R Kabel Ltd (”Acquirer”) and Rameshwarlal Kabra HUF, Shri Mahendra Kumar Kabra, Smt Kirtidevi Kabra, Shri Mahesh Kabra, Jag-Bid Finvest Pvt Ltd & TMG Global FZCO (”Person Acting in Concert or PACs”) has issued this Post Offer Public Announcement to the shareholders of Ram Ratna Wires Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Public Announcement (”PA”) dated December 26, 2007 & Corrigendum to the Public Announcement dated January 03, 2008., Letter of Offer dated March 05, 2008 pursuant to and in compliance with among others, Regulations 11(2) of Chapter III of the Securities and Exchange Board of India (substantial Acquisition of Shares & Takeovers) Regulations 1997 and subsequent amendments thereto (”SEBI Takeover Regulations” / “Regulations”).
Details of Acquisition:
| Sr. No. |
Particulars |
Proposed in the Letter of Offer | Actual | ||
| 1. | Offer Price (Rs.) | Rs 54/- | Rs 54/- | ||
| 2. | Shareholding of Acquirers before MOU/PA | 61,25,463 (64.68%) | 61,25,463 (64.68%) | ||
| 3. | Shares acquired by way of MOU or Market Purchases or preferential Allotment | 15,30,000 (13.91%) | 15,30,000 (13.91%) | ||
| 4. | Shares acquired in the Open Offer | 22,00,000 (20%) | 3,24,214 (2.95%) | ||
| 5. | Size of the Open Offer (No. of shares multiplied by Offer price per share) | Rs. 11,88,00,000/- | Rs. 1,75,07,556/- | ||
| 6. | Shares acquired after PA but before 7 working days prior to closure date, if any | Nil | Nil | ||
| 7. | Post offer Shareholding of the Acquirers (2+3+4+6) | 98,55,463 (89.60%) | 79,79,677 (72.54%) | ||
| 8. | Pre & Post Offer shareholding of Public | Pre Offer | Post Offer | Pre Offer | Post Offer |
| 33,44,537 (35.32%) | 11,44,537 (10.40%) | 33,44,537 (35.32%) | 30,20,323 (27.46%) | ||
