Finaventure Capital – Open Offer
Saffron Capital Advisors Pvt Ltd (Manager to the Offer) on behalf of Mr. Kannan Vishwanath (Acquirer) has issued this Public Announcement (PA) to the Shareholders of Finaventure Capital Ltd (Formerly Known as Indusvista Ventures Ltd) (Target Company), pursuant to Regulations 10 & 12 in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 1997 & Subsequent amendments thereto (SEBI (SAST) Regulations).
The Open Offer:
The Acquirer is making this offer under Regulations 10 & 12 of the SEBI (SAST) Regulations, to the Public Shareholders of Target Company to acquire 20% (or 21,13,098 equity shares) of the Emerging paid up equity share capital at a price of Rs 40.00 (Rupees Forty only) per fully paid up Share (Offer Price) payable in cash (Offer).
Schedule of Activities:
Specified Date – August 14, 2009
Date of Opening of the Offer – October 01, 2009
Date of Closing of the Offer – October 20, 2009
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