India Forge & Drop Stampings Ltd - Final exit price

Added: (Tue Nov 10 2009)

Pressbox (Press Release) - The Exit Price ("Exit Price") determined through the Reverse Book Building Process as per the Guidelines is Rs 50/- (Rupees Fifty only) per equity share. The Acquirers Mr Dipak Raj Sood, Mr Samir Sood, Mr Kunal Sood, Ms Rupa Sood and Ms Malini Sood has accepted the Exit Price and that they will acquire all equity shares validly tendered at or below the Exit Price by the shareholders holding shares in demat form.
In the Reverse Book-Building platform at the Bombay Stock Exchange Ltd ("BSE") the Biding Period was September 23, 2009 - September 30, 2009.



K. Dhandapani & Company Ltd - Reverse Book Building (RBB)
Mr T N Sridharan, Mr T N Desikan, Mr T N Kothan Dapani Mr T N Soundararajan and Mr Kumar K Swamy (Acquirers) have announced the proposed acquisition of 9,88,050 fully paid-up equity shares of face value of Rs.10/- constituting 28.14% of shareholding of K. Dhandapani & Company Ltd pursuant to the SEBI (Delisting of Securities) Guidelines 2003, through the Reverse Book Building mechanism of the Exchange.
A floor price of Rs.40/- per share has been fixed as per the Guidelines.
The shares of the Company are currently listed on BSE and MSE.


Innovative Foods - Delisting of Shares by BIFR Order In Innovative Foods Ltd Board for Industrial and Financial Reconstruction ("BIFR") passed an Order dated August 11, 2009, allowing the Company to de-list its shares from all the stock exchanges they are listed without following the prescribed procedure.
The relevant part of the Order is reproduced as under :
" As requested by the Company IFL to de-list the shares, the Bench approves the de-listing of shares from all stock exchanges without following the prescribed procedure for de-listing, on payment of the exit price calculated as per SEBI (Delisting of Securities) Guidelines, 2003 or at Rs 34.50 per shares, whichever is higher. The promoters shall make the payment to the public shareholders who have tendered their share to the promoters, within 10 working days of the closure of the offer made and the offer shall remain open for a period of 15 days".



India Forge and Drop Stampings Ltd - RBBS Mr. Dipak Raj Sood, Mr. Samir Sood, Mr. Kunal Sood, Ms. Rupa Sood and Ms. Malini Sood (Acquirers) have announced the proposed acquisition of 11,61,572 fully paid-up equity shares of face value of Rs.10/- constituting 39% of shareholding of India Forge and Drop Stampings Ltd pursuant to the SEBI (Delisting of Securities) Guidelines 2003, through the Reverse Book Building mechanism of the Exchange. The shares of the Company are currently listed on BSE and MSE.
A floor price of Rs.50/- per share has been fixed as per the Guidelines.







Date of Opening of the Offer
September 23, 2009

Last date for the Offer
September 30, 2009