KailshAutoFi - Updates on Open Offer

Posted By: Religare
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Comfort Securities Pvt Ltd ("Manager to the Offer") on behalf of M/s Padma Impex Pvt Ltd ("Acquirer") has issued this Corrigendum to the Public Announcement to the shareholders of Kailash Auto Finance Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Original Public Announcement ("PA") dated May 18, 2010 & Corrigendum to the PA dated February 22, 2011 ("First Corrigendum to PA"), pursuant to Regulation 10 & 12 and other applicable provisions of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").

The shareholders of the Target company are requested to note the following with respect the PA:

The Schedule of activities which were published in the Original PA dated May 18, 2010 were not in conformity with the regulations of the SEBI. Therefore the original schedule of activities has been revised as per the SEBI (SAST) regulations and published in the corrigendum to the PA dated February 22, 2011.

Point No. 11.10 and at all the relevant places in PA, the dates mentioned for the major schedule of activities have been changed from the original schedule and shall be read as under:

Major Activities of the Offer Original Day and Date which were published in the Public announcement dated May 18, 2010 Modified as per the SEBI (SAST) Regulations 1997 which were published in the Corrigendum to the Public Announcement dated February 22, 2011 as original schedule of activities Actual Revised Schedule of activities pursuant to the SEBI observation
Specified Date June 17, 2010 June 16, 2010 June 16, 2010
Date of Opening of the Offer July 12, 2010 July 10, 2010 February 28, 2011
Date of Closing of the Offer July 31, 2010 July 29,2010 March 19, 2011

All other terms and conditions of the Offer remain unchanged.

Read more about: kailash auto fin
Story first published: Tuesday, March 8, 2011, 23:02 [IST]
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