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Wintac Ltd. - Updates on Open Offer

By Religare

Arihant Capital Markets Ltd ("Manager to the Open Offer") on behalf of GAVIS Pharma LLC, U.S.A ("Acquirer" / "GAVIS") together With Kali Capital LP, U.S.A. ("PAC" / "KALI"), has informed this Offer Opening Public Announcement to the shareholders of Wintac Ltd (Earlier known as Recon Ltd) ("Target Company"), pursuant to Regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended ("SEBI (SAST) Regulations") in respect of the Open Offer to acquire upto 26,06,303 Equity Shares, constituting 26% of the post preferential allotment fully diluted paid up equity share capital of the Target Company. The Detailed Public Statement ("DPS) with respect of the aforementioned Offer was published on February 04, 2013.

Read more about: wintac
Story first published: Friday, May 24, 2013, 23:38 [IST]
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