Mphasis open offer price set at Rs.457.54 per share

JM Financial Institutional Securities Limited has submitted a copy of its detailed public statement to the BSE in respect to the open offer to public shareholders of Mphasis Ltd.

Apr 12, 2016 02:04 IST India Infoline News Service

Mphasis Ltd
Mphasis open offer price to the public shareholders has been set at Rs.457.54 per share.

In a filing to the BSE, the company said, "JM Financial Institutional Securities Limited has submitted to BSE a copy of detailed public statement, in respect of the Open Offer to the Public Shareholders of Mphasis Ltd, in compliance with Regulations 3(1) and 4 read with Regulations 13(4) and 15(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations”), pursuant to the public announcement in relation to this Offer dated 4 April 2016 (“PA”)."

The company further said, "The PA was sent to the BSE Limited and the National Stock Exchange of India Limited on 4 April 2016, was filed with the Securities and Exchange Board of India on 4 April 2016 and was sent to the Target Company at its registered office on 4 April 2016 in terms of Regulations 3(1) and 4 of the SEBI (SAST) Regulations, 2011."

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