2026-06-12 20:26:21
Latest Post
Royal Orchid Hotels Ltd strengthens Spiritual Tourism Portfolio with Launch of Regenta Devarayah Tirupati
JSW Energy Commissions 150 MW Tidong Hydro Project, taking Total Installed Capacity to ~13,900 MW
Hatton National Bank and Nucleus Software Celebrate Five Years of Partnership Driving Transaction Banking Transformation and Excellence, Powered by FinnAxia®
The Monarch Surveyors and Engineering Consultants Ltd receives order worth Rs. 5.25 crore
Jayant Infratech Ltd receives LoA worth Rs. 16.54 crores
Stock Report
Motor Industries announces Post Offer Status of Shareholding
Posted On : 2007-08-14 10:05:53( TIMEZONE : IST )
Citigroup Global Markets India Pvt Ltd ("Manager to the Offer"), on behalf of Robert Bosch GmbH ("Acquirer") has issued this Post Offer Public Announcement to the shareholders of Motor Industries Company Ltd ("Target Company"), which is in continuation of & should be read in conjunction with, the Public Announcement ("PA") dated April 27, 2007, Addenda to the PA dated May 31, 2007, dated June 11, 2007 and dated June 27, 2007 & the Letter of Offer dated June 09, 2007 ("Letter of Offer"), under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto (the "SEBI (SAST) Regulations"), to acquire upto 6,410,292 fully paid-up equity shares of Rs 10/- each, representing 20% equity share capital of the Target Company at a price of Rs 4,600 per fully paid up equity share payable in cash. The terms used but not defined in this public announcement shall have the same meanings assigned to them in the PA and addenda issued in continuation thereto, and the Letter of Offer. The details subsequent to the completion of the Offer are as under:
------------------------------------------------------------------------------------------- Item Proposed in the Revised as per Actuals Letter of Offer Announcement dt. May 31, 2007 ------------------------------------------------------------------------------------------- 1. Offer Price (per share) Rs 4,000 Rs 4,600 Rs 4,600 2. Shares acquired 6,410,292 6,410,292 2,943,160 in the Open Offer (No & %) (20.00%) (20.00%) (9.18%) 3. Post Offer Shareholding 25,816,552 25,816,552 22,349,420 of Acquirer (No & %) (80.55%) (80.55%) (69.73%) -------------------------------------------------------------------------------------------The stock closed the day at Rs.4229.80, up by Rs.41.15 or 0.98%. The total traded quantity was 1222 compared to 2 week average of 1314. The stock hit an intraday high of Rs.4270 and low of Rs.4186.
