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Vyapar Industries Ltd Announces Open Offer From Mr. Hussain A. Rassai And Mr. Akil A. Rassai


Thursday, 14 Feb 2013 03:17am EST 

Fortune Financial Services India Ltd (Manager to the Open Offer) announced that it has submiited a Copy of Public Announcement (PA) regarding Open Offer to the public Shareholders of Vyapar Industries Ltd (Target Company) for acquisition of 2,834,000 equity shares of face value of INR10 each of the Target Company constituting not more than 26.01% of the paid-up equity shares capital of the Target Company at a price of INR27.37 per fully paid up Equity Share is calculated in accordance with Regulation 8(2) of the SEBI(SAST) Regulations (Offer Price) by Mr. Hussain A. Rassai (Acquirer 1) and Mr. Akil A. Rassai (Acquirer 2) (Acquirers) along with Mr. Abbas A. Rassai as the person acting in concert with the Acquirers (PAC). 

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