Inland Printers: Updates on open offer

Written By Unknown on Senin, 18 Maret 2013 | 16.02

Mar 18, 2013, 02.12 PM IST

Tigerstone Trading is making an open offer to acquire up to 19,21,530 equity shares of Rs 10 each representing 26% of the paid up equity share capital of Inland Printers.

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Inland Printers: Updates on open offer

Tigerstone Trading is making an open offer to acquire up to 19,21,530 equity shares of Rs 10 each representing 26% of the paid up equity share capital of Inland Printers.

Like this story, share it with millions of investors on M3

Inland Printers: Updates on open offer

Tigerstone Trading is making an open offer to acquire up to 19,21,530 equity shares of Rs 10 each representing 26% of the paid up equity share capital of Inland Printers.

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Fedex Securities Ltd ("Manager to the Open Offer"), on behalf of Tigerstone Trading Private Limited ("Acquirer") has informed this Detailed Public Statement ("DPS") to the Equity Shareholders of Inland Printers Ltd. ("Target Company"), in compliance with Regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011("SEBI (SAST) Regulations") and subsequent amendments thereto pursuant to the Public Announcement filed on Monday, March 11, 2013 with the BSE Limited (Bombay Stock Exchange/BSE), Ahmedabad Stock Exchange Assn. Limited (ASE) and The Delhi Stock Exchange Assn. Ltd (DSE), Securities and Exchange Board of India (SEBI) and Target Company in terms of Regulation 3 (1) and Regulation 4 of the SEBI (SAST) Regulations.The Offer:The Acquirer is making an Open Offer to the Equity Shareholders (i.e. Shareholders other than the Acquirer, sellers under the MoU , and the remaining promoter group Shareholders of the Target Company) to acquire up to 19,21,530 Equity Shares of Rs. 10 /- each representing 26% of the paid up Equity Share Capital of the Target Company under the SEBI (SAST) Regulations, 2011 ("the Offer"). The Open Offer is being made at a price of Rs. 3/- (Rupees Three only ("the Offer Price") per fully paid up Equity Shares of Rs. 10/- each of the Target Company.Tentative Schedule of Activity:Identified Date - April 25, 2013Date of commencement of Tendering Period (Offer Opening Date) - May 10, 2013Date of Expiry of Tendering Period ( Offer closing Date ) - May 23, 2013Source : BSE

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