AXIS Bank Ltd (Manager to the Offer) on behalf of AAA United B.V. (Acquirer) along with Aktieselskabet af 1/8 2004 (Person Acting in Concert or PAC) has issued this Post Offer Public Announcement to the equity shareholders of Bombay Rayon Fashions Ltd (Target Company), which is in continuation of and should be read in conjunction with the Public Announcement (PA) dated March 26, 2009, Corrigendum to PA dated May 05, 2009 & the Letter of Offer dated April 09, 2009, in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (Takeover Regulations) to acquire 17,420,000 fully paid-up equity shares of Rs 10 at a price of Rs 185.00 (Rupees One Hundred & Eighty Five Only) per fully paid up equity share payable in cash are as under:
Details of Acquisition: Sr. No. Item Proposed in the Offer Document Actuals 1. Offer Price for fully paid equity shares Rs 185.00 per fully paid up equity share Rs 185.00 per fully paid up equity share 2. Shareholding of Acquirer (No & %) before MOU/PA NIL NIL 3.
Equity shares acquired by way of Preferential Allotment (No & %) 18,000,000 (20.67%) 18,000,000 (20.67%) 4.
Equity shares acquired in the Open Offer (No & %) 17,420,000 (20.00%) 400 (Negligible) 5. Size of the Open Offer (No of Shares multiplied by Offer Price per Share) Rs. 3,222,700,000/- Rs. 74,000/- 6.
Equity shares acquired after PA but before 7 working days prior to closure date, if any (No & %) NIL NIL 6.1 Price of the equity shares acquired NA NA 6.2 No of equity shares acquired NA NA 6.3 % of equity shares acquired NA NA 7. Post offer Shareholding of Acquirer (No & %) (2+3+4+6) 35,420,000 (40.67%) 18,000,400 (20.67%) 8.
Pre & Post Offer shareholding of Public (No & %) Pre-Offer Post-Offer Pre-Offer Post-Offer 53,640,840 (61.58%) 53,640,840 (61.58%) 53,640,840 (61.58%) 53,640,840 (61.58%) * Pre offer public shareholding has been calculated on the Emerging Voting Capital i.e. (87,100,000 equity shares) Holding of the Acquirers will be shown under the public shareholding category.
Details of Acquisition: Sr. No. Item Proposed in the Offer Document Actuals 1. Offer Price for fully paid equity shares Rs 185.00 per fully paid up equity share Rs 185.00 per fully paid up equity share 2. Shareholding of Acquirer (No & %) before MOU/PA NIL NIL 3.
Equity shares acquired by way of Preferential Allotment (No & %) 18,000,000 (20.67%) 18,000,000 (20.67%) 4.
Equity shares acquired in the Open Offer (No & %) 17,420,000 (20.00%) 400 (Negligible) 5. Size of the Open Offer (No of Shares multiplied by Offer Price per Share) Rs. 3,222,700,000/- Rs. 74,000/- 6.
Equity shares acquired after PA but before 7 working days prior to closure date, if any (No & %) NIL NIL 6.1 Price of the equity shares acquired NA NA 6.2 No of equity shares acquired NA NA 6.3 % of equity shares acquired NA NA 7. Post offer Shareholding of Acquirer (No & %) (2+3+4+6) 35,420,000 (40.67%) 18,000,400 (20.67%) 8.
Pre & Post Offer shareholding of Public (No & %) Pre-Offer Post-Offer Pre-Offer Post-Offer 53,640,840 (61.58%) 53,640,840 (61.58%) 53,640,840 (61.58%) 53,640,840 (61.58%) * Pre offer public shareholding has been calculated on the Emerging Voting Capital i.e. (87,100,000 equity shares) Holding of the Acquirers will be shown under the public shareholding category.
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