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| Exchange Disseminated Time 08/11/2015 08:58:12 | JM Financial Institutional Securities Limited ("Manager to the Open Offer") has submitted to BSE a copy of announcement regarding Open Offer for acquisition of up to 19,14,13,630 equity shares ("Open Offer"/"Offer") of Pipavav Defence and Offshore Engineering Company Limited (“Target Company”) representing 26% of the equity share capital of the Target Company by Reliance Defence Systems Private Limited (the “Acquirer) along with Reliance Infrastructure Limited (the “PAC”).
With respect to the Open Offer and further to the Public Announcement dated March 4, 2015 (the “Public Announcement”/ “PA”), the Detailed Public Statement dated March 11, 2015 (the “Detailed Public Statement”/ “DPS”), the Draft Letter of Offer dated March 18, 2015 (the “Draft Letter of Offer”/ “DLoF”), the intimation to the Stock Exchanges dated May 11, 2015 and September 12, 2015 issued by JM Financial Institutional Securities Limited, with respect to the approval from the Gujarat Maritime Board (the “GMB”). |
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