IndiaNivesh Ltd announces Open Offer for Luminaire Technologies at Rs.1.10

VC Corporate Advisors Pvt. Ltd., ("Manager to the Offer") on behalf of M/s. IndiaNivesh Ltd ("Acquirer") has issued this Public Announcement (PA) to the shareholders of Luminaire Technologies Ltd ("Target Company"), pursuant to Regulation 10 & 12 and as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 and subsequent amendments thereto ("Regulations").

The Offer

The Acquirer is now making this open offer to the shareholders of the Target Company (other than the parties to the Agreement) to acquire from them upto 80,49,000 fully paid-up Equity Shares of Re 1 /- each, representing 33.54 % of the fully paid-up equity and voting share capital at a price of Rs 1.10 per share ("Offer Price") payable in cash ("offer or Open Offer").

Schedule of Activities

Specified Date: August 03, 2007

Date of Opening of the Offer: August 31, 2007

Date of Closing of the Offer: September 19, 2007

Source : Equity Bulls

Keywords