Roselabs Finance - Open Offer
Arihant Capital Markets Ltd (”Manager to the Offer”) on behalf of M/s Poonam Fast Foods Pvt Ltd (”Acquirer”) has issued this Public Announcement (”PA”) to the equity shareholders of Roselabs Finance Ltd (”Target Company”), pursuant to Regulation 10 & Regulation 12 & as required under the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto (”SEBI (SAST) Regulations, 1997″ or “Regulations”).
The Offer
The Acquirer intends to make an Open Offer in terms of the Regulations to the shareholders (except the acquirer & parties to agreement) of the Target Company to acquire additional 20,00,000 (twenty lacs) equity shares of Rs 10/- each representing 20.00% of the total paid up capital/voting share capital of the Target Company at a price of Rs 12.75 (Rupees Twelve Paise Seventy Five Only) per fully paid up equity share/voting rights (”Offer Price”) payable in cash subject to the terms & conditions mentioned in PA (”The Offer”).
Schedule of Activities:
Specified Date - March 14, 2008
Date of Opening of the Offer - April 15, 2008
Date of Closing of the Offer - May 05, 2008
Tags: Roselabs Finance