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Inga Capital informs about Updates on Open Offer

18 Jul 2015 Evaluate

Inga Capital (‘Manager to the Open Offer’) for and on behalf of Lavjibhai Dungarbhai Daliya (Acquirer I), Anjani Residency (Acquirer II) has informed this Corrigendum to the PA & DPS to the Equity Shareholders of the Jyoti (Target Company) which is in continuation and conjunction with the public announcement dated June 22, 2015 (PA) and detailed public statement dated June 27, 2015 published on June 29, 2015 (DPS) and draft letter of offer dated July 06, 2015 (DLOF), pursuant to and in compliance with Regulation 18(4) and 18(5) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (SEBI (SAST) Regulations, 2011) with respect to an upward revision of the Offer Price from Rs. 63 per Equity Share to Rs. 70 per Equity Share. Capitalised terms used but not defined in this Corrigendum shall have the same meanings assigned to them in the PA, DPS and DLOF. All the others terms and conditions of the Offer shall remain unchanged.

The above information is a part of company’s filings submitted to BSE.

 

Peers
Company Name CMP
Kirloskar Brothers 1768.80
Elgi Equipments 593.50
Shakti Pumps (India) 462.55
KSB 776.85
WPIL 441.55
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