Gee Gee Granites Ltd Updates On Open Offer
Intensive Fiscal Services Pvt Ltd (Manager to the Open Offer) on behalf of Asit Kumar Ghosh (Acquirer) announced that a detailed public statement (DPS) to the shareholders of Gee Gee Granites Ltd (Target Company). The Acquirer hereby makes this Offer to the equity shareholders (other than parties to the SPA) of the Target Company to acquire up to 1,170,000 fully paid up equity shares of INR10 each representing 26.00% of the voting capital of the Target Company in terms of the SEBI (SAST) Regulations at a price of INR1 per fully paid up equity share (Offer Price) payable in cash. Tentative Schedule of Activity: Identified Date: December 11, 2013; Date of opening of the Tendering Period - December 26, 2013; and Date of closing of the Tendering Period - January 08, 2014.
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