Chartered Capital & Investment Ltd ("Manager to the Offer"), on behalf of Fortune Buildprop Pvt Ltd ("Acquirer"), has issued this Public Announcement ("PA") to the Equity Shareholders of Intra Infotech Ltd ("Target Company"), in compliance with Regulation 10 & 12 of Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 ("SEBI(SAST) Regulations, 1997") and subsequent amendments thereto.
The Offer:
The Acquirer intends to make an Open Offer to the shareholders of Target Company to acquire upto 3,23,65,740 equity shares of Rs 1/- each representing 57% of the total share capital of the Target Company at a price of Rs 4.00 per fully paid up equity share and Rs 2.00 per partly paid up equity shares ("Offer Price") payable in cash subject to the terms & conditions mentioned in PA.
Schedule of Activities:
Specified Date - October 20, 2007
Date of Opening of the Offer - November 16, 2007
Date of Closing of the Offer - December 05, 2007
October 3, 2007
Intra Infotech Ltd
at 8:48 PM
Labels: Intra Infotech Ltd
No comments:
Post a Comment