Post Offer Public Announcement
For the attention of the Shareholders of VGR Construction Limited (Registered Office - 116, Hema Industrial Estate, Sarvodaya Nagar Road, Next to Meghwadi Police Station, Andheri (East), Mumbai- 400 060 )
This announcement is being made subsequent to the completetion of offer formalities, for acquiring 1,97,800 equity shares representing 20.00% of the issued and paid up equity share capital of VGR Construction Ltd. at a price of Rs. 35.15 per equity share by M/s. Aditya Fincap Pvt. Ltd. and PACs.
- Name of the Target Company : VGR Construction Ltd.
- Name of the Acquirer(s) : Aditya Fincap Pvt. Ltd.
- Name of the Manager to the Offer : Aryaman Financial Services Ltd.
- Name of the Registrar to the Offer : Adroit Corporate Services Ltd.
- Offer Details
a. Date of opening of the offer : 04.10.2002
b. Date of closure of the offer : 02.11.2002.
- Details of the offer
|
SR.NO.
|
ITEM
|
PROPOSED IN THE OFFER DOCUMENT
|
ACTUALS
|
|
1
|
Offer Price: -
Fully Paid Equity Shares
|
Rs.35.15
|
Rs.35.15
|
|
2
|
Share holding of acquirer (No. & %) before MOU / P.A.
|
7,46,592
75.49%
|
7,46,592
75.49%
|
|
3
|
Shares acquired by way of MOU or market purchases (No. & %)
|
NIL
|
NIL
|
|
4
|
Shares acquired in the open offer (No. & %)
|
1,97,800
20.00% of voting capital
|
200
0.02% of voting capital
|
|
5
|
Size of the open offer (No. of shares multiplied by offer price per share)
|
Rs.69.53 Lacs
|
Rs.0.07 Lacs
|
|
6
|
Shares acquired after P.A. but before 7 working days prior to closure date, if any. (No. & %)
|
NIL
|
NIL
|
|
7
|
Post offer share holding of acquirer (No. & %)
(2+3+4+6)
|
9,44,392
95.49%
|
7,46,792
75.51%
|
|
8
|
Pre & Post offer share holding of Public (No. & %)
|
Pre Offer
|
Post Offer
|
Pre Offer
|
Post Offer
|
|
|
2,42,408
24.51%
|
44608
4.51%
|
2,42,408
24.51%
|
2,42,208
24.49%
|
- Status of the escrow account,
whether released or not : The amount in the Escrow account has been released subsequent to payment being made to the shareholders whose shares have been accepted under the offer.
- Payment of interest, if any, to the shareholders along
with the details thereof : N.A.
- Status of investor complaints received, if any : N.A.
|
Issued by Manager To The Offer : Aryaman Financial Services Limited, 35, Atlanta, Nariman Point, Mumbai – 400 021. Tel. : (022) 282 6465/66, Fax : (022) 282 6467, Email : aryaman@bom2.vsnl.net.in. Contact Person : Ms. Radha Kirthivasan.
|
On Behalf of : M/s. Aditya Fincap Pvt. Ltd (Acquirer) and Mr. Minesh Modi, Mr. Umesh Modi, Mrs. Manisha Modi, Mrs. Rupaben Modi (PACs
|
Place : Mumbai Date : 21.11.02