date:Feb 24, 2014
ty shares to WSH at a price of Rs 20.08 per share. After this preferential issue, WSH will hold 27.5% of SRS expanded equity share capital.
As per SEBI guidelines, there will also be an open offer by WSH and the Existing Promoters, as a consequence of the proposed transaction , for up to 26% of the expanded equity share capital of SRS at a price of Rs 21.89 per share. The second step will then involve WSH and the Existing Promoters of SRS jointly participating in a Rights Issue to raise up to a