News Announcement

Kalindee Rail Nirman (Engineers): Updates on Open Offer

Ashika Capital Ltd ('Manager to the Open Offer') on behalf of Jupiter Metal Pvt Ltd ('Acquirer') has informed this Detailed Public Statement ('DPS) to the Equity Shareholders of Kalindee Rail Nirman (Engineers) Ltd ('Target Company'), in compliance with Regulation 13(4) and Regulation 15(2) of the SEBI (SAST) Regulations pursuant to the Public Announcement in relation to this Offer dated July 10, 2013 (?PA?) made in terms of Regulations 3(1) and 4 of the SEBI (SAST) Regulations.

The Acquirer is making an Offer in pursuant to regulation 3(1) & 4 of SEBI (SAST) Regulations, to acquire 37,19,200 Equity Shares of Rs. 10/- each, being 30% of the present paid up and voting capital of the Target Company (?Offer Size?) at a price of Rs. 65/- (Rupees Sixty Five only) per fully paid up Equity Share (?Offer Price?), payable in cash, subject to the terms and conditions set out in the PA, this Detailed Public Statement and the Letter of Offer that will be sent to the shareholders of the Target Company.

Tentative Schedule of the Activities Pertaining to the Offer :

Identified Date - August 20, 2013

Date of commencement of Tendering period - September 3, 2013

Date of closing of Tendering period - September 17, 2013

वैल्यू रिसर्च से पूछें aks value research information

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