Kalindee Rail: Updates on open offer by Texmaco Rail

Written By Unknown on Senin, 29 Juli 2013 | 16.03

Jul 29, 2013, 02.28 PM IST

Texmaco Rail & Engineering is making the offer to all the equity shareholders of Kalindee Rail Nirman to acquire up to 49,52,280 Equity Shares, constituting 30% of the Fully Diluted Shares at a price of Rs 68.

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Kalindee Rail: Updates on open offer by Texmaco Rail

Texmaco Rail & Engineering is making the offer to all the equity shareholders of Kalindee Rail Nirman to acquire up to 49,52,280 Equity Shares, constituting 30% of the Fully Diluted Shares at a price of Rs 68.

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

Kalindee Rail: Updates on open offer by Texmaco Rail

Texmaco Rail & Engineering is making the offer to all the equity shareholders of Kalindee Rail Nirman to acquire up to 49,52,280 Equity Shares, constituting 30% of the Fully Diluted Shares at a price of Rs 68.

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ICICI Securities Ltd ("Manager to the Open Offer"), for and on behalf of the Texmaco Rail & Engineering Limited ("Acquirer"), has infomed this detailed public statement ("DPS") to the public shareholders of Kalindee Rail Nirman (Engineers) Ltd ("Target Company"), in compliance with regulation 13(4) read with regulation 15(2) and other applicable regulations of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations"), and pursuant to the public announcement dated July 20, 2013 ("PA") sent to BSE Limited ("BSE"), National Stock Exchange of India Limited ("NSE"), Delhi Stock Exchange Limited ("DSE") and Calcutta Stock Exchange Limited ("CSE"), together referred as "Stock Exchanges" on July 20, 2013; to the Target Company on July 22, 2013; and filed on July 22, 2013 with the Securities and Exchange Board of India ("SEBI"). The Offer is being made by the Acquirer pursuant to and in compliance with regulations 3(1), 4 and 20 of the SEBI (SAST) Regulations.The Offer:The Acquirer is making the Offer to all the equity shareholders of the Target Company other than the parties to the Share Purchase Agreement, pursuant to regulation 3(1), 4 and 20 of SEBI (SAST) Regulations, to acquire up to 49,52,280 Equity Shares, constituting 30% of the Fully Diluted Shares ("Offer Size") at a price of Rs. 68 (Rupees Sixty Eight) per Equity Share ("Offer Price"), payable in cash, subject to the terms and conditions set out in the PA, this Detailed Public Statement and the Letter of Offer that will be sent to all public shareholders of the Target Company.Tentative Schedule of Activity:Identified Date - August 29, 2013Date of commencement of tendering period - September 13, 2013Date of closing of tendering period - September 26, 2013Source : BSE

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