Rohit Pulp - Updates on Open Offer
Ashika Capital Ltd (”Manager to the Offer”) for and on behalf of Marathon Realty Ltd, Chetan R Shah & Mayur R Shah (”Acquirers”) has informed through Letter of Offer to BSE & to the shareholders of Rohit Pulp & Paper Mills Ltd (”Target Company”), which is in continuation of and should be read in conjunction with, the Public Announcement (”PA”) dated August 13, 2007.
This offer is being made by Acquirers to acquire upto 964,900 shares of Rs 10/- each representing 20% of the voting capital at a price of Rs 27.55 (including interest of Rs 1.55) per share (”Offer Price”), which is in compliance with regulation 10 & 12 and other provisions of Chapter III and in compliance with regulations.
The Revised Schedule of the Offer
------------------------------------------------------------------------------------------ Activity Original Schedule Revised Schedule ------------------------------------------------------------------------------------------ Specified Date August 17, 2007 August 17, 2007 Date of Opening of the Offer September 27, 2007 May 07, 2008 Date of Closing of the Offer October 16, 2007 May 26, 2008 ------------------------------------------------------------------------------------
Tags: Rohit Pulp