JPT Securities - Open Offer
Saffron Capital Advisors Pvt Ltd (”Manager to the Offer”) on behalf of Awaita Properties Pvt Ltd (”Acquirer”) has issued this Public Announcement (”PA”) to the shareholders of JPT Securities Ltd (”Target Company”), in compliance with Regulations 10 & 12 of Chapter III of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (the “SEBI (SAST) Regulations”).
The Acquirer is making this offer to the public shareholders of the Target Company to acquire upto 6,01,200 fully paid-up equity shares of Rs 10/- each representing 20% of the paid up equity share capital of the Target Company, at a price of Rs 32.50 (Rupees Thirty Two & Paise Fifty Only) per Share (”Offer Price”) payable in cash subject to the terms and conditions mentioned in the PA.
Schedule of Activities:
Specified Date - May 16, 2008
Date of Opening of the Offer - June 19, 2008
Date of Closing of the Offer - July 08, 2008
Tags: JPT Securities