Microsec Capital Ltd (Manager to the Offer) on behalf of Anjaniputra Ispat Ltd (Acquirer) has issued this Public Announcement (PA) to the Equity Shareholders of IAG Company Ltd (Target Company), pursuant regulations 10, 11 & 12 & other provisions of the Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto (Regulations/SEBI (SAST) Regulations 1997 ).
The Offer: The Acquirer is making an Open Offer to the equity shareholders of the Target Company to acquire 26,87,880 Equity Shares of Rs 10/- each representing 20% of the Post preferential allotment issued & paid up equity capital of the Target Company, at a price of Rs 12 (Rupees Twelve Only) per fully paid up Equity Share plus interest of Rs 0.75 per equity share payable in cash.
Schedule of Activities: Specified Date - August 07, 2009, Date of Opening of the Offer-September 04, 2009, Date of Closing of the Offer - September 23, 2009.
The Offer: The Acquirer is making an Open Offer to the equity shareholders of the Target Company to acquire 26,87,880 Equity Shares of Rs 10/- each representing 20% of the Post preferential allotment issued & paid up equity capital of the Target Company, at a price of Rs 12 (Rupees Twelve Only) per fully paid up Equity Share plus interest of Rs 0.75 per equity share payable in cash.
Schedule of Activities: Specified Date - August 07, 2009, Date of Opening of the Offer-September 04, 2009, Date of Closing of the Offer - September 23, 2009.
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