Shree Digvijay - Post Offer Status
Enam Securities Pvt Ltd (”Manager to the Offer”) on behalf of Cimpor Inversiones, S.A. (”Acquirer”) has issued this Post Offer Public Announcement to the shareholders of Shree Digvijay Cement Company Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Public Announcement (”PA”) dated December 06, 2007 and Corrigendum PA dated January 30, 2008 & under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the “Regulations”), to acquire 28,274,856 fully paid-up Equity Shares of Rs 10/- each (”Equity Shares”), representing 20% of the outstanding voting equity share capital of the Target Company, at a price of Rs 42.50/- per fully paid-up Equity share payable in cash (”the Offer”) is as under:
Details of the Acquisition:
| Sr. No. |
Item |
Proposed in the Offer Document | Actuals | ||
| 1. | Offer Price | Rs 42.50 | Rs 42.50 | ||
| 2. | Shareholding of Acquirer before Share purchase Agreement / PA (No & %) | Nil | Nil | ||
| 3. | Shares acquired by way of Share Purchase Agreement (No & %) | 75,816,681 (53.63%) | 75,816,681 (53.63%) | ||
| 4. | Shares acquired in the Open Offer (No & %) | 28,274,856 (20.00%) | 28,274,856 (20.00%) | ||
| 5. | Size of the Open Offer (No. of shares multiplied by Offer price per share) | Rs 1,201,681,380 | Rs 1,201,681,380 | ||
| 6. | Shares acquired after PA but before 7 working days prior to closure date, if any (No & %) | Nil | Nil | ||
| 7. | Post offer Shareholding of Acquirers (No & %) (2+3+4+6) | 104,091,537 (73.63%) | 104,091,537 (73.63%) | ||
| 8. | Pre & Post Offer shareholding of Public (No & %) | Pre Offer | Post Offer | Pre Offer | Post Offer |
| 65,557,597 (46.37%) | 37,282,741 (26.37%) | 65,557,597 (46.37%) | 37,282,741 (26.37%) | ||
