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Orient Abrasives - Updates on Open Offer

By Religare

Pioneer Money Management Limited ("Manager to the Offer"), on behalf of Bombay Minerals Ltd (Acquirer 1) and Cura Global Holdings Ltd, (Acquirer 2) ('Acquirers') and Lambasa Global Opportunity Fund B.V. (PAC) as the persons acting in concert, has informed this Offer Opening Public Announcement to the Public Shareholders of Shree Rama Newsprint 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 ('Offer') to acquire up to 3,11,06,192 fully paid-up equity shares ("Equity Shares'), representing 26% of the paid up Equity Share Capital of the Target Company. The detailed public statement dated June 15, 2015 ('DPS') with respect to the Offer was published on June 15, 2015. Capitalised terms used but not defined herein shall have the meanings ascribed to such terms in the letter of offer dated August 11, 2015 ("LoF").

Story first published: Friday, August 21, 2015, 12:20 [IST]
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