Interlink Petroleum - Open Offer
Collins Stewart Inga Pvt Ltd (”Manager to the Offer”), on behalf of Jit Sun Investments Pte Ltd & Mr Vijay Misra (”Acquirers”) alongwith Ms. Haripriya Misra and Vijay Misra & Sons HUF (PACs), has issued this Public Announcement (”PA”) to the Equity Shareholders of Interlink Petroleum Ltd (”Target Company”), pursuant to regulation 10, 12 and other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (’Regulations’)
The Offer:
The Acquirers alongwith PACs are making an Open Offer to the equity shareholders of the Target Company to acquire 36,82,000 equity shares of Rs 10/- each representing 20.00% of the fully expanded Issued and subscribed equity share capital and 20.01% of voting capital of the Target Company at a price of Rs 17.27 (Rupees Seventeen and Paise Twenty Seven only) Per fully paid equity share (”Offer Price”) payable in cash, in terms of regulation 20 of the Regulations (the ‘Offer’ or ‘Open Offer’)
Partly paid equity shares : They can participate in the Open Offer by tendering their equity shares on or before the closure of the offer after making the partly paid up equity shares fully paid up.
Schedule of Activities:
Specified Date - July 11, 2008
Date of Opening of the Offer - August 14, 2008
Date of Closing of the Offer - September 02, 2008
Tags: Interlink Petroleum