Systematix Corporate Services Ltd ("Manager to the Open Offer") has submitted to BSE a Copy of Public Announcement regarding Open Offer ("the Offer") to the shareholders of the Suryakrupa Finance Ltd ("Target Company") for acquisition of 2,60,000 fully paid-up equity shares constituting 26% of the paid-up and voting capital of the Target Company by Mr. Maulin Bhavesh Acharya ("Acquirer 1"), Mr. Narendrasinh D. Rana ("Acquirer 2") and Mr. Ashok Kumar Dudi ("Acquirer 3") all three jointly referred to as ("the Acquirers") pursuant to and in compliance with Regulation 3(1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended ("SEBI (SAST) Regulations, 2011" or "the Regulations").
Offer Details :
Offer Size (No. of equity shares): The Offer is for acquisition of 2,60,000 (Two Lac and Sixty Thousand only) equity shares constituting 26% of the paid-up and voting capital of the Target Company. The face value of equity shares of the Target Company is Rs. 10/- (Rupees Ten only).
Offer Price / Consideration (in Rs): The Offer Price is Rs. 4.00/- (Rupees Four only) per fully paid up equity share calculated in accordance with Regulation 8(1) and 8(2) of the Regulations.
We wish to inform you that DPS has been released in today’s edition of below mentioned newspapers. A copy of the same is attached herewith for your reference. You may verify the same online; please click on the link mentioned below.