DSP Merrill Lynch (‘Manager to the Offer’) has submitted a Copy of Letter of Offer regarding Open Offer (‘Offer’) for acquisition of up to 7,000,990 fully paid-up equity shares of face value of Rs 10 each representing 25.748% of fully diluted voting equity share capital of Hitachi Home and Life Solutions India (‘Target Company’), from the public shareholders of the Target Company by Johnson Controls Inc. (‘Acquirer’) along with Hitachi Appliances. Inc. Hitachi. JCHAC India Holdco, Johnson Controls-Hitachi Air Conditioning Holding (UK) as persons acting in concert with the Acquirer (collectively known as the ‘PACs’), under the provision of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (the ‘Takeover Code’).
The above information is a part of company’s filings submitted to BSE.
