Ashika Capital Ltd ("Manager to the Open Offer") for and on behalf of Gulf Petrochem Energy Pvt Ltd & Gulf Petrochem Pte Ltd ("Acquirers") has informed this Announcement ("Offer Opening Public Announcement") to the public shareholders of Sah Petroleums Ltd ("Target Company"), pursuant to and in compliance with Regulation 18 (7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto ("SEBI (SAST) Regulations, 2011") in respect of the Open Offer for acquisition of upto 13,255,940 fully paid-up equity shares of face value of Rs. 5/- each, constituting 26.00% of the voting share capital, from the public shareholders, of the Target Company. The Detailed Public Statement ("DPS") with respect to the aforementioned Offer was published on June 30, 2014. The Addendum to Public Announcement and Detailed Public Statement (‘Addendum’) was published on October 01, 2014.Source : BSE
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