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SVC Resources Ltd updates on open offer


Thursday, 16 Jan 2014 01:47am EST 

SVC Resources Ltd:Says Corporate Professionals Capital Pvt Ltd (Manager to the Open Offer) has submitted to BSE a Copy of Detailed Public Statement (DPS) to the equity shareholders of SVC Resources Ltd (Target Company), by M/s Lorgan Lifestyle Ltd (Acquirer).Says the acquirer is making a voluntary Open Offer to acquire 18,078,667 equity shares of face value of 1 Indian Rupee each representing 26 pct of the paid up equity share capital of the Target Company.Says besides this, the Target Company has allotted 10,844,426 equity shares and 29,700,000 equity shares on May 08, 2013 and Aug. 05, 2013 respectively.Says further, the Acquirer undertakes to revise the offer size in case the voting rights on the above mentioned allotments made on May 08, 2013 and Aug. 05, 2013 are unfreezed.Says tentative schedule of activity: Identified Date -Feb. 25, Offer Opening Date- Mar. 12. 

Company Quote

0.95
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27 Feb 2015