Open Offer for Rohit Pulp at Rs.26

Ashika Capital Ltd ("Manager to the Offer") for and on behalf of Marathon Realty Ltd, Chetan R Shah & Mayur R Shah ("Acquirers") has issued this Public Announcement ("PA") to the shareholders of Rohit Pulp & Paper Mills Ltd ("Target Company"), pursuant to and in compliance with, among other, regulation 10 & 12 of the Securities & Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 & subsequent amendments thereto ("Regulations").

The Offer

The Acquirers are now making this Open Offer ("Offer") to the shareholders of Target Company (other than Parties to the Agreement) to acquire upto 964,900 shares of Rs 10/- each at a price of Rs 26/- per share ("Offer Price") representing 20% of its voting capital, payable in cash in terms of regulation 20.

Schedule of Activities

Specified Date: August 17, 2007

Date of Opening of the Offer: September 27, 2007

Date of Closing of the Offer: October 16, 2007

Source : Equity Bulls

Keywords