Anand Rathi Financial Services Ltd (Manager to the Offer) for & on behalf of Mr Suresh Kumar Somani (Acquirer) has issued this Public Announcement (PA) to the Public equity Shareholders of Confidence Trading Company Ltd (Target Company), pursuant to and in compliance with Regulation 10 & 12 of Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations 1997 & Subsequent amendments thereto (SEBI (SAST) Regulations).
The Offer: The Offer is being made by the Acquirer to the Public equity Shareholders (other than the Parties to the SPA) of the Target Company to acquire up to 10,000 fully paid up equity shares of the face value of Rs 10/- each of the Target Company representing 20% of the voting & paid up equity share capital of the Target Company.
This offer is being made pursuant to Regulations 10 & 12 of the Regulations at a price of Rs 5/- per fully paid up equity share (Offer Price) payable in cash in terms of Regulations 20 & 21 of the Regulations (the Offer or Open Offer).
Schedule of Activities: Specified Date - July 03, 2009, Date of Opening of the Offer - August 14, 2009, Date of Closing of the Offer - September 02, 2009.
The Offer: The Offer is being made by the Acquirer to the Public equity Shareholders (other than the Parties to the SPA) of the Target Company to acquire up to 10,000 fully paid up equity shares of the face value of Rs 10/- each of the Target Company representing 20% of the voting & paid up equity share capital of the Target Company.
This offer is being made pursuant to Regulations 10 & 12 of the Regulations at a price of Rs 5/- per fully paid up equity share (Offer Price) payable in cash in terms of Regulations 20 & 21 of the Regulations (the Offer or Open Offer).
Schedule of Activities: Specified Date - July 03, 2009, Date of Opening of the Offer - August 14, 2009, Date of Closing of the Offer - September 02, 2009.
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