Vaghani Techno Open Offer
Fedex Securities Ltd (”Manager to the Offer”) on behalf of Mr. Kantilal Manilal Savla, Ms. Pratiksha Popatlal Gala and Mr. Kartik Popatlal Gala (”the Acquirers”) has issued this Public Announcement (”PA”) to the equity shareholders of Vaghani Techno Build Ltd (”Target Company”), pursuant to and in compliance with Regulation 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (”Regulations”) and subsequent amendments thereto.
The Offer:
The Acquirers are making an Open Offer to the public shareholders of Target Company to acquire 10,44,000 Equity Shares of Rs 10/- each representing 20.00% of paid up & voting capital of Target Company (”the Offer”), at a price of Rs 5/- (Rupees Five only) (”the Offer Price”), payable in cash, subject to the terms and conditions mentioned in PA.
Schedule of Activities:
Specified Date - August 08, 2008
Date of Opening of the Offer - August 29, 2008
Date of Closing of the Offer - September 17, 2008
