| POST OFFER PUBLIC ANNOUNCEMENT |
|
To the Shareholders of
AMZEL Automotive Limited (AAL)
[Registered Office: 225, A-Z Industrial Estate, G. Kadam Marg, Mumbai - 400 013] |
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This Public Announcement is being issued by M/s. Vivro Financial Services Private Limited, (Manager to the Offer) on behalf of Mr. Saleem Fazelbhoy residing at 207, Samudra Mahal, Dr. Annie Besant Road, Worli, Mumbai - 400 018 and M/s Amzel Private Limited (Registered Office: 225, A-Z Industrial Estate, G. Kadam Marg, Mumbai - 400 013) (hereinafter collectively referred to as “the Acquirers”) subsequent to the completion of the Offer formalities for acquiring 83,991 equity shares representing 14% of the equity share capital of AAL (Target Company) at a price of Rs. 101.50 per share.
The Offer opened on 09.09.2003 and closed on 08.10.2003.
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|
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Sr.
No |
Item |
Proposed in the
Offer Document |
Actual |
| 1 |
Offer Price (per equity share) |
Rs. 101.50 |
Rs. 101.50 |
| 2 |
Share holding of Acquirers
and PAC before PA |
5,16,009 (86.00%) |
5,16,009 (86.00%) |
| 3 |
Shares acquired by way of MOU or
market purchases |
Nil |
Nil |
| 4 |
Shares acquired in the open offer |
83,991 (14.00%) |
66,563 (11.09%) |
| 5 |
Size of the open offer (No. of shares
multiplied by offer price per share) |
Rs. 85,25,087/- |
Rs.67,56,144/- |
| 6 |
Shares acquired after PA but before
7 working days prior to closure date, if any |
Nil |
Nil |
| 7 |
Post offer share holding of acquirer
(2+3+4+6) |
6,00,000 (100%) |
5,82,572 (97.10%) |
| 8 |
Pre & Post offer share holding
of Public (No & %) |
|
Pre offer
|
Post offer |
|
83,991
(14.00%)
|
Nil
(0.00%)
|
|
| Pre offer |
Post offer |
|
83,991
(14.00%)
|
17,428
(2.90%)
|
|
|
|
| |
Other Details
Status Of Escrow Account,
whether released or not |
90% of Escrow released to Special Account. Balance will be released shortly. |
| Payment of interest, if any, to the shareholders along with the details thereof |
|
As directed by SEBI vide its order no. CO/037/TO/05/2003
dated 31/05/2003; interest of Rs. 46/- per share (being 15% p.a. on the Price calculated u/r 20 of Rs. 55.50) is paid for the period from 08/05/1998 till the date of actual payment of consideration to all the shareholders whose acceptance has been received under the offer. The said amount of interest has already been included in the Offer Price i.e. Rs. 101.50 |
|
| Status of Investor Complaints |
|
|
The Acquirers, jointly and severally, accept full responsibility for the information contained in this PA.
| Issued by: Manager To The Offer |
|
 |
Vivro Financial Services Private Limited
Contact Person: Mr. Tushar Ashar, Vice PresidentManu Mension,
16/18, Shahid Bhagat Singh Road,
Opp. Old Custom House, Fort,
Mumbai - 400 023.
Tel.: (022) 22657364, Fax: (022) 22658406
Email: mumbai@vivro.net |
|
Mr. Saleem Fazelbhoy (Acquirer) 207, Samudra Mahal,
Dr. Annie Besant Road, Worli,
Mumbai - 400 018.
M/s. Amzel Pvt. Ltd. (Acquirer)
225, A-Z Industrial Estate,
G. Kadam Marg,
Mumbai - 400 013. |
|
| Place : Mumbai |
Date: November 7, 2003 |
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