Anand Rathi Financial Services Ltd (Formerly known as Anand Rathi Securities Ltd) (Manager to the Offer) for and on behalf of Bajaj Hindusthan Ltd (Acquirer) has issued this Post Offer Public Announcement to the equity shareholders of Bajaj Hindusthan Sugar & Industries Ltd (Formerly known as The Pratappur Sugar & Industries Ltd) (Target Company), which is in continuation of, and should be read in conjunction with the Public Announcement (PA) dated December 20, 2007 and the Corrigendum to the PA dated February 28, 2008, under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (Regulations) to acquire upto 2,36,00,000 fully paid up Equity Shares of face value of Rs 1/- each, representing 20% of post preferential voting capital at a price of Rs 52.89 per fully paid up Equity Share, payable in cash.
Details of the acquisition:
Sr. No. Item Proposed in the Offer Document Actuals 1. Offer Price Rs. 52.89 Rs. 52.89 2. Shareholding of Acquirer (No & %) before the Public Announcement 3,05,30,270 & 50.05% of Pre-preferential equity capital 3,05,30,270 & 50.05% of Pre-preferential equity capital 3. Shares acquired by Preferential Allotment (No & %) 5,70,00,000 & 48.31% of Post Preferential equity capital 5,70,00,000 & 48.31% of Post Preferential equity capital 4. Shares acquired in the Open Offer (No & %) 2,36,00,000 & 20% of Post Preferential equity capital 32,10,454 & 2.72% of Post Preferential equity capital 5. Size of the Open Offer (No of Shares multiplied by Offer Price per Share) Rs. 1,24,82,04,000 Rs. 16,98,00,912.06 6. Shares acquired after PA but before 7 working days prior to closure date, if any (No & %)
6.1 Price of the Shares acquired
6.2 No. of Shares acquired
6.3 % of Shares acquired Rs 50/-
5,70,00,000
48.31% Rs 50/-
5,70,00,000
48.31% 7. Post offer Shareholding of Acquirer (No & %) (2+3+4) 11,11,30,270& 94.18% of Post Preferential equity capital 9,07,40,724,& 76.90% of Post Preferential equity capital 8. Pre-Offer & Post-Offer shareholding of Public (No & %) Pre-Offer Post-Offer Pre-Offer Post-Offer 3,04,69,730 & 49.95% of Pre-Preferential equity capital & 25.82% of Post Preferential equity capital 68,69,730 & 5.82% of Post Preferential equity capital 3,04,69,730 & 49.95% of Pre-Preferential equity capital & 25.82% of Post Preferential equity capital 2,72,59,276 & 23.10% of Post Preferential equity capital
Details of the acquisition:
Sr. No. Item Proposed in the Offer Document Actuals 1. Offer Price Rs. 52.89 Rs. 52.89 2. Shareholding of Acquirer (No & %) before the Public Announcement 3,05,30,270 & 50.05% of Pre-preferential equity capital 3,05,30,270 & 50.05% of Pre-preferential equity capital 3. Shares acquired by Preferential Allotment (No & %) 5,70,00,000 & 48.31% of Post Preferential equity capital 5,70,00,000 & 48.31% of Post Preferential equity capital 4. Shares acquired in the Open Offer (No & %) 2,36,00,000 & 20% of Post Preferential equity capital 32,10,454 & 2.72% of Post Preferential equity capital 5. Size of the Open Offer (No of Shares multiplied by Offer Price per Share) Rs. 1,24,82,04,000 Rs. 16,98,00,912.06 6. Shares acquired after PA but before 7 working days prior to closure date, if any (No & %)
6.1 Price of the Shares acquired
6.2 No. of Shares acquired
6.3 % of Shares acquired Rs 50/-
5,70,00,000
48.31% Rs 50/-
5,70,00,000
48.31% 7. Post offer Shareholding of Acquirer (No & %) (2+3+4) 11,11,30,270& 94.18% of Post Preferential equity capital 9,07,40,724,& 76.90% of Post Preferential equity capital 8. Pre-Offer & Post-Offer shareholding of Public (No & %) Pre-Offer Post-Offer Pre-Offer Post-Offer 3,04,69,730 & 49.95% of Pre-Preferential equity capital & 25.82% of Post Preferential equity capital 68,69,730 & 5.82% of Post Preferential equity capital 3,04,69,730 & 49.95% of Pre-Preferential equity capital & 25.82% of Post Preferential equity capital 2,72,59,276 & 23.10% of Post Preferential equity capital
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