May 26, 2004
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Takeovers :
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POST OFFER PUBLIC ANNOUNCEMENT TO THE SHAREHOLDERS OF SPENTEX INDUSTRIES LIMITED
Regd. Off.: Swastik Apartment, C.S. T. No.: 49/A/18, Gulmohar Park, Off. Law College Road, Erandawane, Pune-411 004
This Post-offer Public announcement is being issued by Chartered Capital & Investment Limited, Manager to the Offer on behalf of Mr. Mukund Choudhary, Mr. Kapil Choudhary and Mr. Ajay Kumar Choudhary (jointly called as "Acquirers") in compliance with Securities and Exchange Board of India ((Substantial Acquisition of Shares and Takeover) Regulations, 1997 and subsequent amendments thereto furnishing the details subsequent to the Public Announcement for the Open Offer made on dt. 07.01.2001 and the offer closing on dt. 02.04.2004.
1. Name of the Target Company : Spentex Industries Limited
2. Name of Acquirer : Mr. Mukund Choudhary
Mr. Kapil ChoudharyMr. Ajay Kumar Choudhary
3. Name of Manager to the offer : Chartered Capital and Investments Limited
4. Name of Registrar to the Offer : Beetal Financial & Computer Services (P) Limited
5. Offer Details
- Date of Opening of the Offer : Thursday, the 4th March,2004
- Date of Closure of the Offer : Friday, the 2nd April,2004
6.Details of the Acquisition:
| S.No |
Item |
Proposed in the offer
Document
|
Actuals |
| 1. |
Offer Price |
Rs.6.60 |
Rs.6.60 |
| 2. |
Shareholding of acquirer(s) before MOU/P.A. |
No. of shares |
% |
No. of Shares |
% |
| Nil |
- |
Nil |
- |
| 3. |
Shares acquired by way of MOU or Market Purchases |
No. of shares |
% |
No. of Shares |
% |
| 10860000 |
48.87 |
10860000 |
48.87 |
| 4. |
Shares acquired in the open Offer |
No of shares |
% |
No of shares |
% |
| 44,44,002 |
20 |
12,64,662 |
5.69 |
| 5. |
Size of open Offer (No. of shares multiplied by offer price per share) |
Rs.2,93,30,413/-
|
Rs.83,46,769/-
|
| 6. |
Shares acquired after P.A. but before 7 working days prior to closure date:-
Price of share Acquired
No. Of share acquired
% of share acquired
|
Nil
Nil
Nil
|
Nil
Nil
Nil
|
| 7. |
Post offer shareholding of acquirer
(2+3+4+6)
|
No of shares |
% |
No of Shares |
% |
| 15304002 |
68.87 |
12124662 |
54.56 |
| 8. |
Pre and Post Offer Shareholding of Public
No. of Shares (%age)
|
Pre Offer
10564500
(47.54)
|
Post Offer
6916007
(31.13)
|
Pre Offer |
Post Offer |
| 10564500
(47.54)
|
9299838
(41.85%)
|
7. Status of the Escrow Account, whether released or not : Released
8. Payment of Interest, to the shareholders, if any : Nil
9. Status of investor complaints received, if any : None
Chartered Capital and Investment Limited
13, Community Center, East of Kailash
New Delhi-110065
Tel. Nos.: 011-26472557, 26218274, 26419079,Fax: 011-26219491
E-mail: ccapdelhi@indiatimes.com