Mphasis informs about open offer

04 Apr 2016

JM Financial Institutional Securities has submitted an Open Offer, Marble II (the ‘Acquirer’) together with Marble I (‘PAC 1’) and Blackstone Capital Partners (Cayman II) VI L.P. (‘PAC 2’) (collectively the ‘PACs’), in their capacity as persons acting in concert with the Acquirer, has made an open offer to the public equity shareholders Mphasis of the Target Company (the ‘Public Shareholders’) to acquire up to 54,928,161 fully paid-up equity shares of face value of Rs. 10 each of the Target Company (the ‘Equity Shares’), representing 26.00% of the total voting equity share capital on a fully diluted basis (as of the 10th working day from the closure of the tendering period of the Open Offer) of the Target Company at a price of Rs 457.54 per Equity Share (the ‘Offer Price’) aggregating to total consideration of Rs 25,131,870,461 (the ‘Offer Size’), in cash, subject to the terms and conditions mentioned in this public announcement (‘Public Announcement’), the detailed public statement (the ‘DPS’) and the letter of offer (the ‘LOF’) that are proposed to be issued in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amended (‘SEBI (SAST) Regulations’).

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

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