Narnolia Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement, Corrigendum to the detailed public statement and Corrigendum to the Letter ....
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Narnolia Financial Services Ltd, acting as Manager to the Offer, has submitted a Pre-Offer Advertisement to BSE and the Calcutta Stock Exchange on behalf of the Acquirers of Shashank Traders Ltd, as required under Regulation 18(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The advertisement was published one working day before the tendering period begins, in the same newspapers where the earlier Detailed Public Statement appeared. It contains the schedule of activities for the open offer, the status of statutory and other approvals, and the procedure for shareholders to tender their shares. The headline also references a Corrigendum to the Detailed Public Statement and a Corrigendum to the Letter of Offer, suggesting some changes to the originally announced terms.
This is a procedural filing signalling that the open offer (tender) period is about to commence, so eligible shareholders of Shashank Traders Ltd can now prepare to tender their shares. The corrigenda may slightly alter offer terms, so shareholders should review the updated documents before deciding to tender or hold.