The Committee of Independent Directors of Surya Industrial Corporation recommends that the open offer price of Rs 10 per fully paid up equity shares is fair and reasonable.
D & A Financial Services (P) Ltd ("Manager to the Open Offer") on behalf of Mr. Pratik Sharadkumar Mehta, Mrs. Aruna Naresh Satunda, Mr. Kaushal D Vadecha and Mr. Nikhil Champaklal Shah ("Acquirers") has informed this Announcement to the shareholders of Surya Industrial Corporation Ltd ("Target"/"Target Company"/"SICL"), pursuant to Regulation 18 (7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, in respect of the open offer to acquire shares of Target Company. The Detailed Public Statement ("DPS") with respect to the aforementioned offer was published on March 13, 2014.Source : BSE
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