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Firstsource Solutions Ltd Updates On Open Offer


Wednesday, 31 Oct 2012 03:35am EDT 

Firstsource Solutions Ltd announced that the ICICI Securities Ltd (Manager to the Offer) for and on behalf of the Spen Liq Pvt Ltd (Acquirer), CESC Ltd is the Person Acting in Concert (PAC) has informed this Detailed Public Announcement (DPS) regarding Open offer (Offer) to the shareholders of Firstsource Solutions Ltd (Target Company). This Offer is being made by the Acquirer to all public shareholders of the Target Company, other than the shareholders who are party to the Share Purchase Agreements, pursuant to which the Acquirer has agreed to acquire up to 198,485,163 equity shares (Offer Size), representing 26% of the fully diluted shares of the Target Company. This Offer is being made at a price of INR12.20 (Offer Price) per equity share. Tentative Schedule of Activity: Identified Date: December 03, 2012; Date of commencement of tendering period: December 17, 2012; Date of closing of tendering period: December 31, 2012. 

Company Quote

37.75
0.45 +1.21%
28 Jul 2014