Bhandari Hosiery - Updates on Open Offer
Sobhagya Capital Options Ltd (”Manager to the Offer”) on behalf of Mr. Nitin Bhandari & Ms. Nitika Bhandari (”Acquirers”), has issued this Corrigendum to the Public Announcement to the Equity Shareholders of Bhandari Hosiery Exports Ltd (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (”PA”) dated April 21, 2008, pursuant to and in compliance with among others, Regulation 11(1) of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (the “Takeover Regulations” or the “Regulations”).
The shareholders / beneficial owners are requested to note the following developments / amendments with respect to and in connection with the Public Announcement
Final Revised Schedule of Activities
The Final Revised Schedule of Activities pertaining to the offer are as per the table below, Shareholders of Target Company are requested to take note of the changes in dates as per the revised schedule:
------------------------------------------------------------------------------------------ Activity Original Schedule Revised Schedule ------------------------------------------------------------------------------------------ Specified Date April 28, 2008 April 28, 2008 Date of Opening of the Offer June 12, 2008 July 02, 2008 Date of Closing of the Offer July 02, 2008 July 21, 2008 ------------------------------------------------------------------------------------------
The terms not defined herein will have the same meaning as defined in PA or Letter of Offer. All Other terms and conditions of the offer remain unchanged.
