Citigroup Global Markets India Pvt Ltd ("Manager to the Offer"), on behalf of Robert Bosch GmbH ("Acquirer") has issued this Public Announcement ("PA") to the equity shareholders of Motor Industries Company Ltd ("Target Company" / "MICO") pursuant to Regulation 11(2) of, and in compliance with, the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto [the "SEBI (SAST) Regulations"].
The Offer
The Acquirer, is hereby making an open offer to acquire up to 6,410,292 fully paid-up equity shares of Rs 10/- each ("Shares"), representing 20% of the paid-up equity share capital of the Target Company at a price of Rs 4,000 per Share ("Offer Price") payable in cash, subject to the terms and conditions ("the offer").
Schedule of Activities
Specified Date: May 11, 2007
Date of Opening of the Offer: June 20, 2007
Date of Closing of the Offer: July 09, 2007
April 27, 2007
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