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| Exchange Disseminated Time | JM Financial Institutional Securities Limited ("Manager to the Open Offer"), for and on behalf of Reliance Defence Systems Private Limited (the “Acquirer”) together with Reliance Infrastructure Limited as the person acting in concert (“Reliance Infra” or the “PAC”) with the Acquirer (“Offer”/ “Open Offer”) has informed this Detailed Public Statement ("DPS") in respect of the Open Offer to the Public Shareholders of the Pipavav Defence and Offshore Engineering Company Limited (“Target Company”), in compliance with Regulation 13(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers ) Regulation, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations") and pursuant to the public announcement dated March 04, 2015 ("PA"/"Public Announcement") filed with BSE Ltd ("BSE") , the National Stock Exchange of India Ltd ("NSE") ("Stock Exchanges") on March 04, 2015 and sent to the Securities and Exchange Board of India and the Target Company on March 5, 2015 in terms of Regulations 3(1) and 4 of the SEBI(SAST) Regulations.
Tentative Schedule of Activity:
Identified Date - April 13, 2015
Date of commencement of the tendering period (Offer Opening Date) - April 28, 2015
Date of closure of the tendering period (Offer Closing Date) - May 13, 2015 |
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