 |
 |
Home | Contact Us | Sitemap |  |
 |
     |
|
Choksh Infotech - Updates on Open Offer May 22, 2008 Saffron Capital Advisors Pvt Ltd (Manager to the Offer) on behalf of Mr. Arikatla Srinivasa Reddy (Acquirer) & Mr. Bhimavarapu Surender Reddy & Mrs. D Malathy (PACs) has issued this Corrigendum to the Public Announcement to the Equity shareholders of Choksh Infotech Ltd (Target Company), Which is in continuation of and should be read in conjunction with the Pubic Announcement (PA) dated April 17, 2008, pursuant to Regulations 10 & 12 in compliance with the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations 1997 and subsequent amendments thereto (SEBI (SAST) Regulations). The shareholders of the Target Company are requested to note the following amendments with respect to the PA: 1. Details of Acquirer & Person Acting in Concert: We have included Mr. Bhimavarapu Surender Reddy & Mrs. D Malathy as Persons Acting in Concert (PACs) alongwith the Acquirer as they are the other shareholders of Ajel Technologies India Pvt Ltd (Ajel) and will be receiving shares of Target Company on a share swap basis as per the terms of the Agreement. 2. The Offer Price remains same as Rs 10/- (Rupees Ten Only) per fully paid-up share and Rs 5/- per partly paid-up share. The Offer price of Rs 5 per partly paid-up share has been calculated as per Regulation 20(10) as the difference between the Offer Price (i.e. Rs 10 per share) and amount due towards calls in arrears (i.e. Rs 5 per share). There is no interest payable on Calls in arrears. All other terms and conditions of the offer remain unchanged. The terms not defined herein will have the same meaning as defined in PA |
Copyright © 2008 Choksh Infotech. All Rights Reserved |