Shriram Asset Management Co Ltd Announces Acquisition Of 26% Shares By Shriram Credit Company Ltd

Monday, 21 Oct 2013 01:58am EDT 

Shriram Asset Management Co Ltd (Target) announced that it has submitted to BSE a Copy of Recommendations of the Committee of Independent Directors (IDC) on the Open Offer to Equity Shareholders of Target Company) by Shriram Credit Company Limited (Acquirer) for acquisition of up to 1,560,000 Equity Shares representing 26% of the Issued, Subscribed and Paid up Equity Share Capital having Voting Rights of the Target Company under Regulation 260) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Vivro Financial Services Pvt Ltd acted as the Manager to the Open Offer. 

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