SBI Capital Markets Limited (Manager to the Offer) on behalf of Natural Power Ventures Limited (Acquirer) along with Bharati Shipyard Limited & Dhanshree Properties Pvt Limited (Persons Acting in Concert or PACs), has issued this Public Announcement (PA) to the Equity Shareholders of Great Offshore Limited (Target Company), in compliance with Regulations 10 & other applicable provisions of the Securities & Exchange Board of India (Substantial Acquisition of equity Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto (SEBI (SAST) Regulations). No other person/individual/entity are acting in concert with the Acquirer for the purpose of this Offer.
The Offer: This Offer is made to all equity shareholders of the Target Company in terms of Regulation 10 of the SEBI(SAST) Regulations to acquire up to 78,26,788 fully paid-up equity shares of face value of Rs 10 each of the Target Company forming 20% of the Emerging Voting Capital of the Target Company at a price of Rs 344.00 (Rupees Three hundred & forty-four only) for each fully paid-up equity share (Offer Price) to be paid in cash in accordance with the SEBI (SAST) Regulations, & subject to the terms & conditions mentioned in PA & as will be set out in the Letter of Offer in relation to the Offer (Letter of Offer) aggregating to Rs 269,24,15,072 (Rupees Two hundred & sixty-nine crores twenty-four lacs fifteen thousand seventy-two only)
Schedule of Activities:
Specified Date - June 19, 2009
Date of Opening of the Offer - July 25, 2009
Date of Closing of the Offer - August 13, 2009
The Offer: This Offer is made to all equity shareholders of the Target Company in terms of Regulation 10 of the SEBI(SAST) Regulations to acquire up to 78,26,788 fully paid-up equity shares of face value of Rs 10 each of the Target Company forming 20% of the Emerging Voting Capital of the Target Company at a price of Rs 344.00 (Rupees Three hundred & forty-four only) for each fully paid-up equity share (Offer Price) to be paid in cash in accordance with the SEBI (SAST) Regulations, & subject to the terms & conditions mentioned in PA & as will be set out in the Letter of Offer in relation to the Offer (Letter of Offer) aggregating to Rs 269,24,15,072 (Rupees Two hundred & sixty-nine crores twenty-four lacs fifteen thousand seventy-two only)
Schedule of Activities:
Specified Date - June 19, 2009
Date of Opening of the Offer - July 25, 2009
Date of Closing of the Offer - August 13, 2009
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