|
Post Offer Public Announcement for the attention of the Shareholders of
GALAXY MULTIMEDIA LIMITED (GML)
Regd. Office: 3A, Valecha Chambers, New Link Road, Andheri (West), Mumbai – 400053
The details subsequent to the Offer made vide Public Announcement dated May 14, 2003 (“PA”) and the corrigendum dated 14th June, 2003, under the Securities Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (“SAST Regulations”), by Shri Gordhan Tanwani (the “Acquirer”) to acquire up to 20,10,094 fully paid up equity shares representing 20% of the voting share capital of Galaxy Multimedia Limited at a price of Rs.4/- (Rupees Four only) per fully paid up equity share (the “Offer Price”) payable in cash (the “Offer”) are as under:
| 1. |
Name of the Target Company |
: |
Galaxy Multimedia Limited |
| 2.. |
Name of Acquirer(s) including PACs |
: |
Shri. Gordhan Tanwani |
| 3. |
Name of Manager to the offer |
: |
Centrum Finance Limited |
| 4. |
Name of the Registrar to the offer, if any |
: |
Mondkar Computers Pvt. Limited |
| 5. |
Offer Details
- Date of opening of the offer
- Date of closure of the offer
|
:
: |
30th June 2003
29th July 2003 |
| 6. |
Details of the acquisition |
: |
|
Sr.
No. |
Item |
Proposed in the
Offer document |
Actuals
|
| 1 |
Offer Price |
Rs.4.00
|
Rs.4.00
|
| 2 |
Share holding of acquirer before MOU/P.A. |
NIL
|
NIL
|
| 3 |
Shares acquired by way of MOU or market purchases |
51,00,010
(50.74%)
|
51,00,010
(50.74%)
|
| 4 |
Shares acquired in the open offer |
20,10,094
(20%)
|
5,800
(0.06%)
|
| 5 |
Size of the open offer ( No of shares multiplied by offer price per share) |
Rs.80,40,376/-
|
Rs.23,200/-
|
| 6 |
Shares acquired after P.A but before 7 working days prior to closure date, if any |
|
|
|
|
6.1 Price of the shares acquired |
Not Applicable
|
Not Applicable
|
| |
6.2 No of shares acquired |
Not Applicable
|
Not Applicable
|
| |
6.3 % of shares acquired |
Not Applicable
|
Not Applicable
|
| 7 |
Post offer share holding of acquirer (2+3+4+6) |
71,10,104
(70.74%)
|
51,05,810
(50.80%)
|
| 8 |
Pre & Post offer share holding of Public |
Pre offer
|
Post offer
|
Pre offer
|
Post offer
|
| |
|
48,03,260
(47.79%)
|
27,93,166
(27.79%)
|
48,03,260
(47.79%)
|
47,97,460
(47.73%)
|
| |
|
|
|
| 7. |
Status of escrow account, whether released or not |
: |
Not Released |
| 8. |
Payment of interest, if any, to the shareholders along with details thereof |
: |
Not Applicable |
| 9. |
Status of investor complaints received, if any |
: |
No Investor complaints have been received |
| 10. |
The Acquirers accept full responsibility for the information contained in this Public Announcement and also for the obligations of Acquirers and/or Persons acting in concert as laid down in the SAST Regulations. |
| 11. |
This Public Announcement would also be available on the SEBI website at /:
|
| Issued by the Manager to the Offer |
Registrar to the Offer |
 |
|
Centrum Finance Limited
10th Floor, Eucharistic Congress Building III
5 Convent Street,
Colaba, Mumbai-400039.
Tel: 022 – 2202 3838 Fax: 022 – 2204 6096
Email: galaxyopenoffer@centrum.co.in
Contact Person: Mr. Vijay Bhatia |
Mondkar Computers Pvt. Ltd.
21, Shakil Niwas,
Opp. Satya Saibaba Temple, Mahakali Caves Road,
Andheri (E), Mumbai-400093.
Tel: 022 - 2836 6620 Fax: 022 - 2821 1996
Email: mcplrt@bom7.vsnl.net.in
Contact Person: Mr. Ravindra Utekar |
On Behalf of
Shri Gordhan Tanwani
71, Soona Villla, Off. Perry Cross Road, Bandra (West), Mumbai – 400 050. |
| Date: 9th August, 2003. |
Place: Mumbai
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