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Premier Synth. - Post Open Offer Status

By Religare

Mark Corporate Advisors Pvt Ltd ("Manager to the Open Offer"), for and on behalf of Mr. Gautamchand Kewalchand Surana ("Acquirer 1") , Mr. Vikram Amritlal Sanghvi ("Acquirer 2"), Mr. Rajiv Giriraj Bansal ("Acquirer 3") and Mr. Sanjay Kumar Vinodbhai Majethia ("Acquirer 4") ("Acquirers"), has informed this Post Offer Announcement in connection with the offer to the Shareholders of Premier Synthetics Ltd ("Target Company"), to acquire 9,47,250 Equity Shares of face value of Rs. 10 each of the Target Company ('Equity Shares'), representing 26% of the Equity Share Capital and Voting Capital of the Target Company ('Offer'), in compliance with Regulation 18 (12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI (SAST) Regulations, 2011). The Detailed Public Statement with respect to the aforementioned offer was made on April 30, 2015.

Story first published: Monday, September 28, 2015, 23:00 [IST]
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