Sparsh BPO - Post Offer Status
JM Financial Consultants Pvt Ltd (”Manager to the Offer”) on behalf of SKR BPO Services Pvt Ltd (”Acquirer”) & Blackstone GPV Capital Partners Mauritius V-B Ltd, Blackstone GPV Capital Partners Mauritius V-B Holding Ltd, The Blackstone Group L P & SKM Technology Ventures Pvt Ltd being Persons Acting in Concert with the Acquirer (”PACs”) and Intelenet Global Services Pvt Ltd being the Deemed Person Acting in Concert (”DPAC”) has issued this Post Offer Public Announcement to the shareholders of Sparsh BPO Services Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Public Announcement (”PA”), under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (”Regulations”) to acquire up to 20% of the Voting Capital of the Target Company at price of Rs 200 per fully paid up equity share, payable in cash.
Details of the Acquisition:
| Sr. No. |
Item |
Proposed in the Offer Document | Actuals | ||
| (No) | (%) | (No) | (%) | ||
| 1. | Offer Price | Rs 200 per fully paid up equity share | Rs 200 per fully paid up equity share | ||
| 2. | Shareholding of Acquirer before MOU/ Public Announcement* | 0 | 0 % | 0 | 0 % |
| 3. | Shares acquired by way of MOU** | Nil | Nil | Nil | Nil |
| 4. | Shares acquired in the open offer | 3,229,500 | 20.00% | 3,229,500 | 20.00% |
| 5. | Size of the Open Offer (No. of shares multiplied by Offer price per share) | Rs 645,900,000 | Rs 645,900,000 | ||
| 6. | Shares acquired after PA but before 7 working days prior to closure date, if any. (No & % ) | Nil | Nil | ||
| 7. | (a) Post offer Shareholding of Acquirer*** | 3,229,500 | 20.00% | 3,229,500 | 20.00 % |
| 8. | Pre Offer Shareholding of Public | 7,912,275 | 49.00% | 7,912,275 | 49.00% |
| 9. | Post Offer Shareholding of Public | 4,682,775 | 29.00% | 4,682,775 | 29.00% |
* Whilst the Acquirer held no shares in the Target Company prior to the Share Purchase Agreement dated June 16, 2007 (”Agreement”) or the Public Announcement, Intelenet Global Services Pvt Ltd, the DPAC held 8,235,225 shares representing 51% of the Target Company prior to such dates.
** The Agreement was signed for acquiring 100% of the equity share capital of Intelenet Global Services Pvt Ltd, which is the holding company of the Target Company & the Agreement consequently did not result in any direct shareholding of the Acquirer in the Target Company.
*** In addition to the Acquirer, Intelenet Global Services Pvt Ltd, the DPAC continues to hold 8,235,225 equity shares of the Target Company representing 51% of its equity share capital.
