Open Offer to Equity shareholders of Interlink Petroleum Ltd
Interlink Petro - Open Offer
Tuesday, August 03, 2010
Collins Stewart Inga Pvt Ltd ("Manager to the Offer") for & on behalf of Sim Siang Choon Ltd ("Acquirer") has issued this Public Announcement ("PA") to the Equity shareholders of Interlink Petroleum Ltd ("Target Company"), pursuant to Regulation 10, 12 read together with regulation 14(4) & other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendment thereto ("Regulations").
The Offer:
The Acquirer is making an Open Offer to acquire up to 4,984,240 equity shares ("shares") of the face value of Rs 10/- each, representing in aggregate 20% of the issued share capital of the Target Company in terms of regulation 21(1) of the Regulations, at a price of Rs 67.65 (Rupees Sixty Seven & paise Sixty Five Only) per share ("Offer price") payable in cash subject to the terms & conditions set out this PA & the Letter of Offer.
Schedule of Activities:
Specified Date - August 06, 2010
Date of Opening of the Offer - September 22, 2010
Date of Closing of the Offer - October 11, 2010
Source http://www.hindustanpetroleum.com/En/ui/HPCLinNews.aspx
