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JMT Auto Ltd Announces Updates On Open Offer

Thursday, 4 Jul 2013 04:37am EDT 

D & A Financial Services Pvt Ltd (Manager to the Offer) on behalf of M/s Amtek Auto Ltd (Acquirer) announced that it has informed this Detailed Public Statement (DPS') to the Equity Shareholders of JMT Auto Ltd (Target Company), pursuant to Regulation 13(4) as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 pursuant to Public Announcement dated June 27, 2013 (PA), in terms of Regulations 3(1) and 4 of the SEBI (SAST) Regulation. This offer is made to all the equity shareholders of Target Company other than acquirer and parties to the share purchase agreement to acquire up to 3,742,760 equity shares of face value of INR10 each at an offer price of INR149 per equity shares (Offer Price), payable in cash, aggregating to INR557,671,240 millions. 

Company Quote

-3.0 -1.81%
6:15am EDT