Takeover Panorama - TakeoverCode.com

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Latest Open OffersName of the TargetCompanyTechtran PolylensesLimitedRegd. OfficeHyderabadPaid up capitalRs. 1297 lacsListed AtBSE & HSEChamak HoldingsLimitedRegd. OfficeDelhiPaid up capitalRs. 29.50 lacsListed AtDSEHoward HotelsLimitedName of theAcquirer and PACCredenceInfrastructureLimitedSubhash ChanderKathuria andAnubhav KathuriaNirankar NathMittal, NirvikarDetails of the offer Reason of the offer Concerned PartiesOffer to acquire25,94,000 (20%)Equity Shares at aprice of Rs. 15.60per share payablein cash.Offer to acquire49,000 (20%)Equity Shares at aprice of Rs. 5 pershare payable incash.Offer to acquire18,22,640 (20%)Regulation10 & 12SSA to acquire20,00,000 equityshares and SPA toacquire 22,27,000shares aggregating theshareholding of theacquirer to 32.59% ofthe post preferentialpost issue equitycapital of the TargetCompanyRegulation10 & 12SPA to acquire1,81,000 (73.88%)equity shares of theTarget Company at aprice of Rs.5 pershare.Regulation10 & 11Merchant BankerSaffron CapitalAdvisors PrivateLimitedRegistrar to theOfferBigshare ServicesPrivate LimitedMerchant BankerD &A FinancialServices (P) LimitedRegistrar to theOfferBeetel Financial &Computer ServicesPvt. LimitedMerchant BankerSPA MerchantPage 12 of 20
Nath Mittal, BrijEquity Shares at aConversion ofBankers LimitedRegd. OfficeLata Mittal, Mittalprice of Rs. 13.20warrants into sharesNew DelhiFragrances Privateper share payableand inclusion inRegistrar to theLimited and Rishiin cash.promoter groupOfferPaid up capitalRs. 7.31 CroreReal Estate IndiaPrivate Limitedthereby increasing theshareholding fromLink Intime IndiaPvt. Ltd.along with PAC14.53% to 42.17%.Listed AtBSE, UPSE & DSEHint of the MonthAcquisition of shares by a merchant banker or nominated investor in the process of marketmaking and subscription by the nominated investor to the unsubscribed portion of issue, interms of Chapter XA of the Securities and Exchange Board of India (ICDR) Regulations, 2009is exempt from the applicability of 10, 11 and 12 of SEBI (SAST) Regulations, 1997 providedthat the acquisition of securities in the process of market making or subscription to theunsubscribed portion of issue does not results in change in control over the target <strong>com</strong>pany,directly or indirectly.(As substantiated from regulation 3(1)(f)(vii) of SEBI (SAST) Regulations, 1997-inserted onApril 13, 2010)Page 13 of 20
Page 1 and 2: Takeover PanoramaA Monthly newslett
Page 3 and 4: Legal UpdateAdjudicating Officer or
Page 5 and 6: 2. Accordingly a show cause notice
Page 7 and 8: Takeover Panel Order in the matter
Page 9 and 10: conversion of 45,00,000 warrants in
Page 11: i. Inter se transfer of 8,600 share
Page 15 and 16: Duties of the Stock Exchange:The St
Page 17 and 18: a recognised stock exchange; and(b)
Page 19 and 20: Market Updates NYSE Euronext to sel

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